Grade 8 - Mathematics 9.40 Business Mathematics Review Test

Q 1: Percentage of profit or loss is calculated only on the ______. selling price loss profit cost price

Q 2: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______. trade or volume discount loss reduction gain reduction profit discount

Q 3: If P and Q are changing in inverse proportion then P*Q = ____. Answer:

Q 5: Matt and John started a business with capitals of $3000, and $5000 respectively and made a profit of $1880, then Matt's share of the profit would be _____. $800 $930 $705

Q 6: A business done jointly by two or more persons is called a ______. partnership sole proprietorship non-profit organization

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Question 8: This question is available to subscribers only!