Business Math and Calculations Flashcards
7 cards from real CAP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Business Math and Calculations flashcards as text
What is 15% of $2,400?
Answer: $360.00
$2,400 × 0.15 = $360.00.
A vendor invoice shows terms of 3/10, n/30. What does '3/10' mean?
Answer: A 3% discount is available if the invoice is paid within 10 days
Trade discount terms written as 3/10 mean the buyer earns a 3% discount if the invoice is paid within 10 days of the invoice date.
An invoice totals $850.00 and a 2% early-payment discount applies. What is the discounted amount due?
Answer: $833.00
$850.00 × 0.02 = $17.00 discount; $850.00 − $17.00 = $833.00.
What is 3/8 expressed as a decimal?
Answer: 0.375
3 ÷ 8 = 0.375.
An employee earns $18.50 per hour and works 42 hours in a week. Overtime (hours over 40) is paid at 1.5× the regular rate. What is the total gross pay?
Answer: $795.50
Regular pay: $18.50 × 40 = $740.00; OT rate: $18.50 × 1.5 = $27.75; OT pay: $27.75 × 2 = $55.50; Total: $740.00 + $55.50 = $795.50.
Monthly sales total $45,000 and cost of goods sold is $27,000. What is the gross profit margin?
Answer: 40%
Gross profit = $45,000 − $27,000 = $18,000; margin = $18,000 ÷ $45,000 = 40%.
What is the result of 125 × 0.08?
Answer: $10.00
125 × 0.08 = 10.00.
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