Grade 8 - Mathematics 9.40 Business Mathematics Review Test

Q 1: If P and Q are changing in inverse proportion then P*Q = ____. Answer:

Q 2: If M.P. = $54 and discount = $6 then S.P. = $______. 42 46 48 44

Q 3: If C.P. = $1020, Loss = 10%, then S.P. = ____. 918 912 914 916

Q 4: If C.P. = $220, Gain = 5%, then S.P. = $_____. 251 241 261 231

Q 5: Percentage of profit or loss is calculated only on the ______. profit loss cost price selling price

Q 6: The interest agreed to be paid per year as a percentage is called the _____. rate principal amount

Q 7: George and Jack started business with capitals of $5000 and $6000 respectively. The ratio in which they should divide the profit is _____. 5:11 11:6 5:6 6:5

Q 8: The method of finding interest in which both principal and interest on successive years keep on increasing is called. Compound Interest Growing Interest Variable Rate Simple Interest

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