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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 5: M.P. = $35, discount = $5, then discount percent = _____.
12 1/2%
11 1/2%
14%
123%

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

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Question 10: This question is available to subscribers only!


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