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 Q 1: Given discount percent = 25%, then the fraction to be multiplied with the market price to get selling price = ______.3/41/21/251/4 Q 2: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______.gain reductionprofit discounttrade or volume discountloss 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 _____.5:1111:66:55:6 Q 5: If C.P. = \$1020, Loss = 10%, then S.P. = ____.914912916918 Q 6: The relation between cost price, selling price and profit is:Profit = Cost Price - Selling PriceProfit = Selling Price - Cost PriceCost Price = Selling Price + ProfitSelling 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.MikePeter Q 8: The interest agreed to be paid per year as a percentage is called the _____.rateamountprincipal Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!