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

Q 2: If the cost price is $640, selling price is $680, profit percentage is ______.
5 3/4%
12%
3 1/8%
6 1/4%

Q 3: Using the normal convention, simple interest R = 100I/PT.
True
False

Q 4: A business done jointly by two or more persons is called a ______.
non-profit organization
sole proprietorship
partnership

Q 5: If the selling price is less than the cost price there is ______.
Answer:

Q 6: R = 8%, T = 2 years and I = $160 then Principal =______.
$1200
$1000
$2000
$500

Q 7: 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 _____.
$930
$800
$705

Q 8: If S.P. = $840, Loss = 16%, then C.P. = $______.
1000
1050
1075
1025

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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