Grade 8 - Mathematics 9.40 Business Mathematics Review Test

Q 1: The money contributed by partners in a business is called _____. investment market price profit

Q 2: The principal and the interest together is known as the _______. profit total amount or amount market price loss

Q 3: R = 8%, T = 2 years and I = $160 then Principal =______. $500 $1200 $1000 $2000

Q 4: Mike can do more work than Peter in one day. This tells that ___ can complete independently the piece of work in a short period. Peter Mike

Q 5: If S.P. = $42 and discount = $3 then M.P. = ______. 45 47 41 43

Q 6: Jack and Jill started a business with $2000 and $6000 and Jill withdraw his capital after 8 months, then the ratio in which the two should divide the profit at the end of the year would be _______. 1:3 1:2 2:1

Q 7: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______. profit discount trade or volume discount loss reduction gain reduction

Q 8: A business done jointly by two or more persons is called a ______. non-profit organization sole proprietorship partnership

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