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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: The relation between cost price, selling price and profit is:
Selling Price = Cost Price - Profit
Cost Price = Selling Price + Profit
Profit = Cost Price - Selling Price
Profit = Selling Price - Cost Price

Q 2: 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 _____.
$705
$800
$930

Q 3: If the cost price is $640, selling price is $680, profit percentage is ______.
3 1/8%
12%
6 1/4%
5 3/4%

Q 4: Discount is always calculated on the ____ only.
None of these
selling price
market price
cost price

Q 5: 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 6: The money contributed by partners in a business is called _____.
profit
market price
investment

Q 7: Manufacturers sell articles to the whole sale dealers at a lower price than the market price. This reduction is known as _______.
trade or volume discount
profit discount
loss reduction
gain reduction

Q 8: If S.P. = $42 and discount = $3 then M.P. = ______.
41
43
47
45

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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