The Business Mathematics DSST covers what you would learn during a single semester of a Business Math college class.

The DSST Business Mathematics exam covers the following topics:

Number sense
Algebraic Concepts
Statistics
Business Applications
Financial Mathematics.

The Business Applications section comprises 50% of the exam questions, including topics such as index numbers, interest, depreciation, taxes, cost calculations, investment performance measures, and cost minimization, among others.

Business Mathematics DSST Practice Test 1

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17 Questions

1. A woman takes out a loan from her local bank for $1,000. She will repay the money in two years at a rate of 10%. How much interest will she pay?

$200$2,000$20$20,000

2. Tara created the following trend analysis table to track her company’s cookie sales. Her base year for comparison was 2016, when the company sold $40,000 in cookies. What was the company’s sales for 2015?A.  $26

000"$40,000$36,000$30,000

3. Jonah wishes to save for his daughter’s college fund. If he deposits $200 at the end of each month and earns 6.0% compounded monthly for 18 years, how much will he have in his account at the end of this time?

$73,118.80$77,470.64$71,112.67$75,120.45

4. The number of people employed by the city in 1990 was 220. In 2000, there were 440 employees. In 2010, the number had grown to 880. What is the index number for city employment in 2000 relative to 1990?

800420400

5. A data set consists of the values (45, 3, 7, 26, 12, 9, 57, 3, 12). Which number in the group would be the value of the lowest quartile?

37912

6. If the total cost for manufacturing large screen TVs is C(x) = 200x + 50,000 in dollars, what is the fixed cost to manufacture 500 TVs?

$100,000$200$150,000$50,000

7. A town’s budget is $600,000. The total assessed property value is 30 million dollars. What tax rate can the city council choose so that it raises exactly the amount it needs for the city’s budget?

4%20%3%2%

8. Janet purchases a vacuum for $1,500 from a janitorial supply store. The credit terms are 5/10, n/20. How much would she pay if she paid her bill in 15 days?

$1,487$1,475$75$1,500

9. A test was given to 480 students and 468 passed. What percentage of students did NOT pass the test?

0.025%0.975%97.5%2.5%

10. If the total cost for manufacturing large screen TVs is C(x) = 200x + 50,000 in dollars, what is the fixed cost to manufacture 500 TVs?

$100,000$150,000$200$50,000

11. Sarah marked up the prices of dresses in her shop. Her average selling price is $80 per dress, and her average cost is $60. What is her average % markup?

75%33%66%20%

12. Which type of loan requires periodic payments with a final payment at the end of the loan period?

Noninterest bearing simple loanBalloon payment loanSingle payment loanAdjustable loan

13. A data set consists of the values (45, 3, 7, 26, 12, 9, 57, 3, 12). Which number in the group would be the value of the lowest quartile?

31279

14. A semiconductor company buys a tool for 2 million dollars and will depreciate it over five years. Its residual value is $500,000. How much does the tool depreciate per year?

$300,000$100,000$400,000$500,000

15. Jonah wishes to save for his daughter’s college fund. If he deposits $200 at the end of each month and earns 6.0% compounded monthly for 18 years, how much will he have in his account at the end of this time?

$73,118.80$75,120.45$77,470.64$71,112.67

16. A woman takes out a loan from her local bank for $1,000. She will repay the money in two years at a rate of 10%. How much interest will she pay?

$20$200$20,000$2,000

17. A woman has $3 in quarters and dimes. She notices that she has twice as many quarters as dimes. How many quarters and how many dimes does she have?

5 dimes, 10 quartersNone of the above3 dimes, 6 quarters10 dimes, 8 quarters