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Grade 8 - Mathematics
9.40 Business Mathematics Review Test


Name: ___________________

Date:___________________

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 = ______.
1/2
1/4
1/25
3/4

Q 2: Using the normal convention, simple interest T = 100I/PR.
False
True

Q 3: The money contributed by partners in a business is called _____.
profit
investment
market price

Q 4: Peter can do 1/49th of a piece of work in a day, then he can do the the complete work in ____ days.
1/49
49

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

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

Q 7: If the selling price is more than the cost price there is ____.
no gain
profit
loss

Q 8: If P = $450, T = 3 years, R = 5%, then I = ______.
$85.50
$75.45
$67.50

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Question 10: This question is available to subscribers only!


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