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Business Math and Calculations Flashcards

7 cards from real CAP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Business Math and Calculations flashcards as text

  1. What is 15% of $2,400?

    Answer: $360.00

    $2,400 × 0.15 = $360.00.

  2. A vendor invoice shows terms of 3/10, n/30. What does '3/10' mean?

    Answer: A 3% discount is available if the invoice is paid within 10 days

    Trade discount terms written as 3/10 mean the buyer earns a 3% discount if the invoice is paid within 10 days of the invoice date.

  3. An invoice totals $850.00 and a 2% early-payment discount applies. What is the discounted amount due?

    Answer: $833.00

    $850.00 × 0.02 = $17.00 discount; $850.00 − $17.00 = $833.00.

  4. What is 3/8 expressed as a decimal?

    Answer: 0.375

    3 ÷ 8 = 0.375.

  5. An employee earns $18.50 per hour and works 42 hours in a week. Overtime (hours over 40) is paid at 1.5× the regular rate. What is the total gross pay?

    Answer: $795.50

    Regular pay: $18.50 × 40 = $740.00; OT rate: $18.50 × 1.5 = $27.75; OT pay: $27.75 × 2 = $55.50; Total: $740.00 + $55.50 = $795.50.

  6. Monthly sales total $45,000 and cost of goods sold is $27,000. What is the gross profit margin?

    Answer: 40%

    Gross profit = $45,000 − $27,000 = $18,000; margin = $18,000 ÷ $45,000 = 40%.

  7. What is the result of 125 × 0.08?

    Answer: $10.00

    125 × 0.08 = 10.00.