Business Math Test

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The Business Math test measures the candidate’s knowledge of mathematics that is commonly used in business. Designed for all professionals, this test includes the following topics: Calculating Markup and Markdown Percentage; Interest, Invoicing, and Net/Gross; Markdown Price; Markup Price; Original Price Before Markdown or Markup; Price from Total without and with Tax; Total from Algorithm, Chart, or Formula.

Computer Adaptive Testing (CAT) technology dynamically adjusts the test to the level of the test taker resulting in shorter test times, increased accuracy and enhanced security.

Job Family/Title: Professionals
Localizations Available: US English
Average Testing Time (minutes): 37
Time Allowed (minutes): 90
Maximum Number of Questions: 30
Designed for Unproctored Environment: Yes
Question Format: Multiple Choice – Adaptive
Product Category: Qwiz Primary Skills

Knowledge, Skills, Abilities, and Competencies Measured

• Calculating Mark-up and Markdown Percentage
• Interest, Invoicing and Net/Gross
• Markdown Price
• Mark-up Price
• Original Price before Markdown or Mark-up
• Price from Total without and with Tax
• Total from Algorithm, Chart, or Formula

Test Topics

Calculating Markup and Markdown Percentage

• Calculating Markup and Markdown Percentage

Interest, Invoicing, and Net/Gross

• Invoicing Terminology
• Net and Gross Profit or Income
• Simple Interest

Markdown Price

• Markdown Price

Markup Price

• Markup Price

Original Price Before Markdown or Markup

• Original Price Before Markdown
• Original Price Before Markup

Price from Total without and with Tax

• Price from Total with Tax
• Price from Total without Tax

Total from Algorithm, Chart, or Formula

• Graph Interpretation
• Total from Algorithm or Formula