CAP Business Math and Calculations

Question 1

What is 15% of $2,400?

Accepted Answer

$360.00

Answer

$240.00

Answer

$480.00

Answer

$320.00

Question 2

A vendor invoice shows terms of 3/10, n/30. What does '3/10' mean?

Accepted Answer

A 3% discount is available if the invoice is paid within 10 days

Answer

$3 is discounted on orders over $10

Answer

Payment may be made in 3 installments within 10 days

Answer

A 30% discount applies if paid within 3 days

Question 3

An invoice totals $850.00 and a 2% early-payment discount applies. What is the discounted amount due?

Accepted Answer

$833.00

Answer

$832.00

Answer

$830.00

Answer

$817.00

Question 4

What is 3/8 expressed as a decimal?

Accepted Answer

0.375

Answer

0.275

Answer

0.325

Answer

0.425

Question 5

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?

Accepted Answer

$795.50

Answer

$777.00

Answer

$795.75

Answer

$740.00

Question 6

Monthly sales total $45,000 and cost of goods sold is $27,000. What is the gross profit margin?

Accepted Answer

40%

Answer

35%

Answer

45%

Answer

60%

Question 7

What is the result of 125 × 0.08?

Accepted Answer

$10.00

Answer

$8.00

Answer

$12.50

Answer

$15.60