Business mathematics multiple choice questions (MCQs), business mathematics quiz answers, test prep 1 to learn online secondary school courses for math degree. Business partnership MCQs, business mathematics quiz questions and answers for online secondary education degree. Learn business partnership, profit and loss, discount formula test prep for secondary school teaching certification.

Learn high school math MCQs: business partnership, profit and loss, discount formula, with choices legal entity, partnership, insurance, and none of above for online secondary education degree. Free math study guide for online learning business partnership quiz questions to attempt multiple choice questions based test.

MCQ: Sara and Ali earned a profit of \$500, 000 from a business and their ratio of investment was 5 : 8 respectively. profit of each should be

1. \$200,000 and \$300,000
2. \$150,000 and \$350,000
3. \$450,000 and \$50,000
4. \$192,308 and \$307,692

D

MCQ: An association of 2 or more persons to carry on a business for purpose of earning profit is known as

1. partnership
2. legal entity
3. insurance
4. none of above

D

MCQ: (Cost price - selling) price is equal to

1. discount
2. marked price
3. profit
4. loss

D

MCQ: (Selling price - cost price) is called

1. loss
2. marked price
3. discount
4. profit

D

MCQ: During sale, a shop offers a discount of 8% on marked price. If marked price is \$5500, then purchase price of an oven should be

1. 5060
2. 5000
3. 5090
4. 5200

A