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

Q 2: 36 men can do a work in 12 days. Then number of days required for 9 men to do the same work is ______.
Answer:

Q 3: If C.P. = $220, Gain = 5%, then S.P. = $_____.
261
231
251
241

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.
49
1/49

Q 5: Cost price is $550 and profit is $65, then selling price is $______.
Answer:

Q 6: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______.
loss reduction
trade or volume discount
profit discount
gain reduction

Q 7: Percentage of profit or loss is calculated only on the ______.
cost price
loss
profit
selling price

Q 8: If the selling price is less than the cost price there is ______.
Answer:

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