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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: 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
$11,345
$10,092

Q 2: M.P. = $35, discount = $5, then discount percent = _____.
12 1/2%
14%
123%
11 1/2%

Q 3: If S.P. = $840, Loss = 16%, then C.P. = $______.
1075
1000
1025
1050

Q 4: Using the normal convention, simple interest R = 100I/PT.
True
False

Q 5: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______.
gain reduction
trade or volume discount
loss reduction
profit discount

Q 6: If the cost price is $528 and profit is $44, then the percentage of profit = _____.
-6 1/8%
12 1/4%
8 1/3%
7 1/2%

Q 7: Peter can do 1/49th of a piece of work in a day, then he can do the the complete work in ____ days.
1/49
49

Q 8: 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 _____.
$705
$930
$800

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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