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Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: Peter borrowed $7500 at 16% compound interest for two years. The amount he would pay at the end of the second year would be _______.
$11,345
$9,535
$10,092

Q 2: Percentage of profit or loss is calculated only on the ______.
cost price
profit
loss
selling price

Q 3: If P=Principal, T=Time, and R=Rate, then Simple Interest I = _______.
P/100TR
100P/TR
PTR/100

Q 4: The method of finding interest in which both principal and interest on successive years keep on increasing is called.
Growing Interest
Simple Interest
Variable Rate
Compound Interest

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

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

Q 7: If S.P. = $840, Loss = 16%, then C.P. = $______.
1050
1025
1000
1075

Q 8: Cost price is $550 and profit is $65, then selling price is $______.
Answer:

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