Grade 6 - Mathematics 8.32 Percentages Review Test

Q 1: The agreement between lender and borrower about interest to be calculated is called _______. Interest Principal Profit Rate of Interest

Q 2: In simple interest calculations, P=Principal, T=Time, I=Interest, and R=Rate per annum.
Which of the following formulas is INCORRECT? T = 100I/PR P=100T/IR I = PTR/100 R = 100I/PT

Q 3: What is 50% of 16?

4 8 12

Q 4: Cost price = $12000 and selling price = $11000, what is the loss percentage? 8 1/3% 3 1/8% 1 3/8%

Q 5: Cost price = $2770 and selling price = $2772, find the profit. $2 $6 $4

Q 6: What number is 10 percent greater than 20? 22 20 10 24

Q 7: A store owner borrowed an amount of $3,500 on 6th June, 1991 at the rate of 24% per annum and repaid it on 15th January, 1992. What is the amount he repaid? $3780.35 $5403.42 $4103.35 $4013.21

Q 8: Cost price = $4500 and selling price = $3250, what is the loss percentage? 9 1/11% 11 1/9% 1 9/11%

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