Can You Ace This ‘Easy’ 1974 Business Math Exam?

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Are you confident in your math skills? If so, try this quiz which combines mathematical questions with real-world business scenarios. Passing the quiz means that you have adequate knowledge of how businesses work at the same a great mastery of the fundamentals of mathematics.

Quiz: Business Math Exam

 

#1. A company sells 100 units of a product for $25 each. What is the total revenue?

$2,500

$2,000

$1,000

$3,000

#2. A company’s revenue last year was $500,000 and increased by 10% this year. What is this year’s revenue?

$510,000

$540,000

$550,000

$520,000

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#3. A business has expenses of $200,000 and revenues of $250,000. What is the profit?

$70,000

$60,000

$40,000

$50,000

#4. If a product is discounted by 10% and the original price was $80, what is the new price?

$72

$74

$76

$70

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#5. If an employee earns $15 per hour and works 40 hours a week, what is their weekly pay?

$400

$600

$700

$500

#6. A store buys a product for $50 and marks it up by 20%. What is the selling price?

$70

$60

$55

$80

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#7. A business purchases 200 units of inventory at $15 each. What is the total cost of the inventory?

$3,200

$2,800

$3,000

$2,500

#8. If a loan has an annual interest rate of 5%, what is the interest on a $1,000 loan after one year?

$150

$100

$200

$50

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#9. If a product costs $20 and is sold for $30, what is the profit per unit?

$10

$20

$15

$5

#10. If you buy 3 products for $15 each, how much do you spend in total?

$35

$40

$30

$45

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Results

Congratulations You Passed!

You have successfully scored 7 or higher on this quiz which means that you have adequate knowledge about business and at the same time good mastery of the fundamentals of mathematics. Keep up the good work, and try out some of the other quizzes if this is easy for you or if you are interested in more business-related math questions.

Sorry, You Failed!

You have scored 6 or lower on this quiz which means that you currently don’t have enough mastery of the fundamentals of mathematics or you are not familiar at all with businesses. This is a relatively easy quiz compared to how math is used now in modern businesses. Focus on improving either your math skills or obtaining knowledge about how businesses work if you are still interested in that.

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About the Quiz

The quiz above is just a fun and engaging way to assess your math skills with business-related questions focusing on problem-solving and foundational math knowledge. If you pass the quiz, it means that you have a good mastery of the fundamentals of mathematics, even if it is mixed in a business setting.

Related: Discover Your IQ with This Business Quiz