Grade 8 - Mathematics 9.40 Business Mathematics Review Test

Q 1: If the selling price is less than the cost price there is ______. Answer:

Q 2: George and Jack started business with capitals of $5000 and $6000 respectively. The ratio in which they should divide the profit is _____. 5:6 6:5 11:6 5:11

Q 3: The sum borrowed or lent is called _______. rate principal loss interest

Q 4: Peter borrowed $7500 at 16% compound interest for two years. The amount he would pay at the end of the second year would be _______. $9,535 $10,092 $11,345

Q 5: The relation between cost price, selling price and profit is: Cost Price = Selling Price + Profit Selling Price = Cost Price - Profit Profit = Selling Price - Cost Price Profit = Cost Price - Selling Price

Q 6: If C.P. = $1020, Loss = 10%, then S.P. = ____. 912 916 918 914

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Question 8: This question is available to subscribers only!