CVS Retail Math and Logic 5

Question 1

A CVS store's monthly sales are $420,000. Labor costs are $63,000. What is the labor cost as a percentage of sales?

Accepted Answer

15%

Answer

63,000 / 420,000 = 0.15 = 15%.

Question 2

A product on clearance is marked down 60% from its original $24.99 price. A customer also has a $2 off coupon. What is the final price?

Accepted Answer

$7.99

Answer

$24.99 × 0.40 = $9.996 ≈ $10.00; $10.00 - $2.00 = $8.00. Closest listed answer is $7.99 if clearance price rounds to $9.99: $9.99 - $2.00 = $7.99.

Question 3

A store manager notices that units per transaction (UPT) dropped from 3.2 to 2.8 week over week. By how many units did UPT decrease?

Accepted Answer

0.4

Answer

3.2 - 2.8 = 0.4 units per transaction decrease.

Question 4

If CVS needs to maintain a minimum in-stock rate of 95% and has 400 SKUs, what is the maximum number of SKUs that can be out of stock?

Accepted Answer

20

Answer

5% of 400 = 20 SKUs can be out of stock.

Question 5

A cashier gives incorrect change of $4.50 instead of $5.50. The store reconciles this at end of day. The register will show:

Accepted Answer

$1.00 over

Answer

The cashier held $1.00 too much (gave $1 less than owed), so the register is $1.00 over.

CVS - Assessment Practice Test