Grade 10 Business Math Worksheet
This worksheet covers fundamental concepts in business math for Grade 10 students, including profit, loss, percentages, and simple interest.
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Grade 10 Business Math Worksheet
Name:
Date:
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Read each question carefully and answer to the best of your ability. Show all your work for full credit.
1. A business buys an item for $50 and sells it for $75. What is the percentage profit?
25%
33.3%
50%
75%
2. If a product that originally cost $120 is sold at a 15% discount, what is the new selling price?
$18
$102
$115
$138
3. The money gained from a business activity is called .
4. When expenses are greater than revenue, a business experiences a .
5. Simple interest is calculated on the original amount only.
6. A bank offers a simple interest rate of 4% per year. If you deposit $1500, how much interest will you earn in 3 years?
7. A small bakery sells cupcakes for $3.50 each. If the cost to make one cupcake is $1.25, and they sell 100 cupcakes in a day, what is their total profit for the day?
8. Gross profit is calculated by subtracting operating expenses from revenue.
True
False
9. A markup is the amount by which the cost of a product is increased to determine the selling price.
True
False
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