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Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: Given discount percent = 25%, then the fraction to be multiplied with the market price to get selling price = ______.
3/4
1/2
1/25
1/4

Q 2: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______.
gain reduction
profit discount
trade or volume discount
loss reduction

Q 3: Cost price is $550 and profit is $65, then selling price is $______.
Answer:

Q 4: 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
6:5
5:6

Q 5: If C.P. = $1020, Loss = 10%, then S.P. = ____.
914
912
916
918

Q 6: The relation between cost price, selling price and profit is:
Profit = Cost Price - Selling Price
Profit = Selling Price - Cost Price
Cost Price = Selling Price + Profit
Selling Price = Cost Price - Profit

Q 7: 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 8: The interest agreed to be paid per year as a percentage is called the _____.
rate
amount
principal

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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