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

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