Grade 8 - Mathematics 9.40 Business Mathematics Review Test

Q 1: Using the normal convention, simple interest T = 100I/PR. True False

Q 2: If C.P. = $1020, Loss = 10%, then S.P. = ____. 914 912 916 918

Q 3: Jack can do a work in 16 days, then in one day he can do ____ of the work. 16 th 1/6 th 1/16 th

Q 4: If C.P. = $220, Gain = 5%, then S.P. = $_____. 251 241 231 261

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

Q 7: If S.P. = $416, Gain = 4%, then C.P. = $_______. 475 450 400 425

Q 8: If the selling price is more than the cost price there is ____. no gain profit loss

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