On this page, you can access a short multiple-choice-question exam that tests the concepts of this topic.
If, instead, you want to practice the past paper questions for this topic,
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There are 9 main questions in this chapter. These can be broken down into dozens of simpler questions. You will be
tested by all of them. This test may be quite long. We recommend doing this test on a computer or tablet, not on a
smartphone.
Do not guess any answers, you would only cheating yourself.
If you think you know the answer from memory but cannot explain why it is the answer, then select the "I don't know" option.
You are here to get an honest assessment of your progress, for your own benefit.
These questions cover the curriculum for this topic. This test will let you know how strong you are on this topic, if you treat it properly.
Bluffing and guessing are counter-productive to your goal.
If the selling price of a product is \(\unicode{0x20Ac}97\) and the profit on that sale is \(\unicode{0x20Ac}8\), what is the profit margin?
What is the profit margin of a good that cost \(\unicode{0x20Ac}49\) to make and is sold for \(\unicode{0x20Ac}52\) ?
If you earn \(\unicode{0x20Ac}65443\) and the Government charges \(13\%\) tax on the first \(\unicode{0x20Ac}26516\) and \(50\%\) on everything above it, and you have a \(\unicode{0x20Ac}574\) tax deduction, how much tax will you pay this year?
If a machine is depreciating (losing value) at \(8\%\) per year, how many years will it be until it has lost \(54\%\) of its value?
You save \(\unicode{0x20Ac}148\) at the start of each month, at a \(0.6\%\) monthly interest rate. How much money will you have after \(3\) years?
How many years will a \(\unicode{0x20Ac}172\) investment at \(6\%\) annual interest take to reach \(\unicode{0x20Ac}192\) in value?
If an investment will cost \(\unicode{0x20Ac}1337\) today, and will pay back \(\unicode{0x20Ac}245.08\) per year for \(5\) years, is this a worthwhile investment when interest rates are \(7\%\) ?
How much is \(\unicode{0x20Ac}4315\) in \(6\) years worth today if the interest rate is \(1\%\) ?
What is the monthly interest rate, which is equivalent to a \(5\%\) annual interest rate?
