Grade 8 - Mathematics 9.40 Business Mathematics Review Test

Q 1: The principal and the interest together is known as the _______. loss market price profit total amount or amount

Q 2: If 'M' and 'd%' respectively represent the market price and discount, then the actual discount =____. Md/100 M/100d 100M/d d/100+M

Q 3: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______. profit discount loss reduction gain reduction trade or volume discount

Q 4: 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 _____. $930 $705 $800

Q 6: The method of finding interest in which both principal and interest on successive years keep on increasing is called. Compound Interest Variable Rate Simple Interest Growing Interest

Q 7: George and Jack started business with capitals of $5000 and $6000 respectively. The ratio in which they should divide the profit is _____. 6:5 5:11 11:6 5:6

Q 8: If C.P. = $220, Gain = 5%, then S.P. = $_____. 251 241 261 231

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!