Business Math Test
About the test
The Business Math test assesses the use of mathematics to record and manage business operations through a series of numerical calculation and multiple-choice questions.
The assessment includes solving work-sample tasks, such as:
- Creating new budgets, tracking expenses, and comparing budgets against actual figures.
- Evaluating the impact of different types of interest rates for both borrowing and investing.
- Calculating procurement costs and determining sales prices.
Good operations managers, department managers, and executives all need a solid understanding of business math to make responsible monetary decisions and successfully manage business operations.
Sample public questions
You have $50,000 for a down payment on the purchase of a new office building, but your accountant recommends you put this money into a term deposit until you are ready to purchase next year. Your bank is offering 12-month fixed term deposits with an annual interest rate of 3.0%, paid at maturity.
How much will you have for your down payment if you cash in your term deposit at maturity?
As a manager, it is your responsibility to review the quarterly expense reports submitted by members of your team. Each member of the team is allowed to expense $20,000 annually for work-related travel expenses.
It is now the halfway point in the year, and you need to review the travel expenses claimed so far:
If each employee's costs continue at their current rate, which employees, if any, will go over budget with their travel expenses in the second half of the year?
At your local office supply store, you see a group of chairs that all look almost exactly like your broken desk chair:
- The BenzerCo chair is offered at 25% off its list price of $200.
- The Lilijet chair sells for $220 but has a promotional rebate of $60.
- The Torpa chair is on clearance, so it comes with a 40% discount off its regular price of $245.
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9 more premium Business Math questions
Skills and topics tested
- Business Math
- Linear Equations
- Purchasing and Inventory
- Revenue and Costs
- Variable Costs
- Compound Interest
- Loans and Credit
- Savings and Investments
- Simple Interest
- Income Tax
- Progressive Rates
For job roles
- Cost Accountant
- Operations Manager
Sample candidate report
What others say
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Jan Opperman, Grindrod Bank
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