DSST Business Math
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Avg score: 56% • Most missed: “Turning assets into cash.”
DSST Business Math
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25 Questions

1. IRR=1 + [(NPV1/NPV1-NPV2)(2-1)]% Where: 1=one interest rate 2=the other NPV1=the NPV at rate 1 NPV2=the NPV at rate 2 (NPV = Net Present Value)

2. Rose borrowed money to buy a ring priced at $420. When she repaid the loan at the end of 3 months - the interest charge was $31.50. What was the rate of interest?

3. (Retail - Cost)/ Retail

4. You should never take out more than a _ year mortgage.

5. Multiply the number by 1-the decrease proportion - e.g. 16(1-0.25) = 160.75 = 12 - 12 is a 25% decrease of 16

6. The point at which you stop losing money.

7. Gross margin dollars/Net sales dollars (multiply by 100 to express as percentage) or (Selling price - cost) x 100 / Selling price

8. Start with list price - List price: $6400 x 25% - x 10% - x10% % - Taken one after another(subtract)

9. Convert 70% to a decimal

10. Formula: GM = NS - COG; GM$ = NS$ X GM%

11. Use compliments - Step 1 Find compliments 25% = 100-25%= 75% - 10%= 90% - 10%=90% Step 2 Multiple Compliments 75%x90%x90% .75x.90x.90= .6075 Step 3 Convert to Percentage .6075= 60.75% Step 4 Compliment it 100%-60.75%= 39.35%

12. After all discounts have been applied to find net amount due. $100 -25% less trade discount -4% cash discount # + $20 freight!

13. A formal document that is used for a variety of functions within a retail business; it provides a big picture look at the succinct expression of the sales - markup - and profit for a business

14. Convert 10/11 to a percent

15. Accounts receivable - buildings - cash - copyrights - equiptment - furniture and fixtures - land - tomor vehicles

16. Loss of items due to damaged goods - stealing - etc.

17. Aka - the terminal value of an investment to which equal annual amounts will be added S=[A(R^n -1)]/R-1 Where: S=the terminal value A=the first term R=the common ratio n=the number of terms

18. Convert 20 to a percent

19. cash + receivables/ current liabilities.

20. A measure of the number of days needed to collect accounts receivable.

21. The difference between the retail price and the cost of goods sold; it includes operating expenses - retail reductions - and profit

22. Convert 80% to a fraction

23. cost of an item expressed per unit of measure or count.

24. A team won 16 games and lost 9 games. What percent of games did the team lose?

25. Convert 50% to a fraction

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