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Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: A business done jointly by two or more persons is called a ______.
non-profit 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!


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