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DSST Business Math
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DSST Business Math
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25 Questions

1. The value of the inventory as kept in the handwritten ledgers or computer system; formula: book$ = merchandise available$ - NS$ - (MD$ + ED$)

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

3. A/b + c/b = (a+c)/b

4. ($ Retail x 100 / COST) - 100

5. Multiply the number by 1+the increase proportion - e.g. 16(1+0.25) = 161.25 = 20 - 20 is a 25% increase over 16

6. Alignment of the decimals is not important

7. Total Net Sales / Total Number of Transactions

8. cash + receivables/ current liabilities.

9. Net Sales / Average Retail Value of Inventory

10. Cash on delivery; this dating is used when the vendor does not know the retailer or the retailer does not have a strong line of credit

11. total fixed costs/ selling price-variable cost

12. Cash or assets that can quickly be converted into cash.

13. Amount decrease (Original - New) / Original amount = decimal= convert to %

14. Inside numbers in a ratio.

15. Convert 1.25 to a percent

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

17. An electronics store is having a 40 percent off sale. Robert has been saving to purchase a stereo system that was originally priced at $420. If Robert purchases the system during the sale - what will be the cost?

18. The average car payment is $_ per month for _ months.

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

20. $ retail x (100%-markup)

21. The recommended house payment should be no more than _% of your monthly take-home pay.

22. % of 90 days same as cash convert to payments.

23. (1+R)=(1+r)^n Where: R=the effective annual rate r=the period rate n=the number of periods

24. current assets/ current liabilities

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

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