Q 1: A business done jointly by two or more persons is called a ______. nonprofit organization partnership sole proprietorship

Q 2: The money contributed by partners in a business is called _____. market price investment profit

Q 3: M.P. = $35, discount = $5, then discount percent = _____. 14% 123% 11 1/2% 12 1/2%

Q 4: George and Jack started business with capitals of $5000 and $6000 respectively. The ratio in which they should divide the profit is _____. 11:6 5:11 6:5 5:6

Q 5: Cost price is $550 and profit is $65, then selling price is $______. Answer:

Q 6: Mike can do more work than Peter in one day. This tells that ___ can complete independently the piece of work in a short period. Mike Peter

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 _____. $800 $705 $930

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

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Question 10: This question is available to subscribers only!

