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Quizzes > Quizzes for Business > Retail

Sharpen Skills with Sales Math Assessment Quiz

Test Sales Calculations and Commission Skills

Difficulty: Moderate
Questions: 20
Learning OutcomesStudy Material
Colorful paper art depicting elements related to a Sales Math Assessment Quiz

Are you ready to master your sales math quiz skills? This Sales Math Assessment Quiz is perfect for sales professionals and learners aiming to sharpen commission and revenue calculation skills. Try complementary assessments like the Sales Skills Assessment Quiz or the Sales Finance Knowledge Assessment for a deeper dive. Feel free to customize any question in our quizzes editor to tailor the experience. Take this free quiz now and discover where you can grow!

A salesperson earns a 5% commission on total sales. If they sell $1,000 worth of goods, how much commission do they earn?
$50
$5
$500
$150
Commission is calculated by multiplying the sales amount by the commission rate, so $1,000 × 5% equals $50. This ensures an accurate calculation of earnings based on the given percentage.
An item priced at $200 is offered with a 10% discount. What is the discounted price?
$180
$190
$200
$210
A 10% discount on $200 reduces the price by $20, so the final price is $200 − $20 = $180. This straightforward percentage decrease adjusts the list price correctly.
If the cost of an item is $50 and the selling price is $75, what is the profit margin percentage?
33.33%
50%
25%
66.67%
Profit margin is profit divided by selling price: ($75 − $50)/$75 = 25/75 = 0.3333, or 33.33%. This shows the portion of selling price that is profit.
A company forecasts revenue by multiplying the number of units sold by the unit price. If it expects to sell 100 units at $20 each, what is the forecasted revenue?
$2,000
$1,000
$20
$200
Forecasted revenue equals units sold times unit price: 100 units × $20 = $2,000. This simple multiplication gives the total expected sales amount.
If two products are sold in a ratio of 2:3 and total units sold are 50, how many units of the first product were sold?
20 units
15 units
25 units
30 units
The ratio 2:3 has 5 parts total; the first product's share is 2/5 of 50, which equals 20 units. This applies basic ratio division to allocate total units.
A salesperson earns 3% commission on the first $10,000 of sales and 5% on any sales above $10,000. If they make $15,000 in sales, what is their total commission?
$550
$650
$500
$450
Commission = $10,000×3% + $5,000×5% = $300 + $250 = $550. This splits sales into tiers and applies each rate correctly.
An item marked $200 is discounted by 20%, and then an additional 10% is taken off the discounted price. What is the final price?
$144
$160
$152
$130
First discount: $200×0.80 = $160. Then second discount: $160×0.90 = $144. Sequential percentage reductions multiply rather than subtract flat amounts.
A product costs $40 to make. The company applies a 25% markup based on cost. What should be the selling price?
$50
$45
$60
$55
Selling price with cost-based markup = cost × (1 + markup rate) = $40 × 1.25 = $50. This ensures a 25% increase above the cost.
Last month, a store made $50,000 in sales. If sales increase by 8% this month, what will be this month's sales?
$54,000
$58,000
$50,000
$40,000
An 8% increase on $50,000 is $50,000 × 1.08 = $54,000. This applies the percentage increase to project new sales.
Two sales reps split a commission in a 2:5 ratio. If the total commission is $3,500, what does the second rep receive?
$2,500
$1,000
$1,500
$2,000
Total parts = 2 + 5 = 7; second rep's share = 5/7 of $3,500 = $2,500. Ratio division allocates the total accurately.
An invoice shows 12 units at $8 each totaling $78. What is the error in the computation?
The total should be $96
The total should be $72
The unit price is wrong
The quantity is wrong
12 units × $8 = $96, so the invoice underreports by $18. Correct multiplication of unit price by quantity identifies the miscalculation.
A seller wants a 20% profit margin on selling price. If cost is $80, what should the selling price be?
$100
$96
$120
$80
Selling price = cost ÷ (1 − margin) = $80 ÷ 0.80 = $100. This ensures profit is 20% of the final selling price.
An item costs $70 and is sold after a 15% discount, then the seller wants a 30% markup on the discounted price. What is the final price?
$77.35
$59.50
$91.00
$61.15
Discounted price = $70×0.85 = $59.50; then markup = $59.50×1.30 = $77.35. Applying discount then markup sequentially yields the final price.
A company distributes $28,000 revenue between departments A and B in a 3:5 ratio. How much does department B receive?
$17,500
$12,000
$10,500
$7,000
Total parts = 3+5 = 8; department B's share = 5/8 × $28,000 = $17,500. Ratios allocate the total precisely.
A sales rep earned $400 commission at a rate of 4%. What total sales amount generated that commission?
$10,000
$16,000
$1,000
$4,000
Total sales = commission ÷ rate = $400 ÷ 0.04 = $10,000. This reverses the percentage calculation to find the base amount.
A salesperson's commission is 2% on the first $20,000 in sales, 4% on the next $10,000, and 6% on any amount above $30,000. If they sell $45,000, what is the total commission?
$1,700
$1,200
$1,500
$2,000
Commission = $20,000×2% + $10,000×4% + $15,000×6% = $400 + $400 + $900 = $1,700. Tiered rates are applied correctly to each sales segment.
A bundle of 3 products is sold with individual prices in a 5:3:2 ratio. If the total bundle price is $1,000, what is the price of the second product?
$300
$500
$200
$450
Ratio sum = 5+3+2 = 10; second product's share = 3/10 × $1,000 = $300. This divides the bundle price according to the given proportions.
A company forecasts sales for two products: 500 units of A at $20 and 300 units of B at $50. If a 10% return rate on revenue is expected, what is the net forecasted revenue?
$22,500
$25,000
$18,000
$27,500
Gross revenue = 500×20 + 300×50 = $25,000; net after 10% returns = $25,000×0.90 = $22,500. This applies a percentage reduction to the total.
A sales order has a unit price of $120, quantity 15, a 5% bulk discount on the total, and a 7% sales tax applied after discount. What is the final invoice amount?
$1,829.70
$1,800.00
$1,710.00
$1,935.00
Total before discount = $120×15 = $1,800; after 5% discount = $1,800×0.95 = $1,710; after 7% tax = $1,710×1.07 = $1,829.70. Each step applies the correct percentage sequentially.
An invoice lists 8 items at $45 each, then applies a 20% discount on total, but calculates 6% tax on the undiscounted amount. Which step is incorrect?
Applying tax on the undiscounted amount
Calculating the 20% discount
Listing 8 items instead of quantity error
Using $45 as the unit price
Sales tax should be applied after the discount reduces the taxable amount. Applying tax before discount overstates the tax and is the incorrect computation step.
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Learning Outcomes

  1. Analyse sales commission scenarios for accurate calculation
  2. Calculate pricing discounts and profit margins confidently
  3. Evaluate revenue forecasts using arithmetic and percentages
  4. Apply ratio and proportion methods to sales data
  5. Identify errors in sales order computations effectively
  6. Master core math principles essential for sales success

Cheat Sheet

  1. Understand Sales Commission Structures - Dive into various commission models like fixed, tiered, and profit-based to find the perfect recipe for motivating your sales squad. For example, a tiered model could dish out 5% on the first $10,000 and 7% on the next, pushing your team to smash targets. Top 10 Sales Commission Structures With Formulas and Examples
    2. Top 10 Sales Commission Structures With Formulas and Examples
  2. Master Profit Margin Calculations - Crunch the numbers for gross, operating, and net margins to reveal your business's true health. Picture this: if you sell $100 in goods that cost $60 to make, your gross margin is (100 - 60)/100×100 = 40%, so you're in the green! How to Calculate Profit Margin
    3. How to Calculate Profit Margin
  3. Calculate Pricing Discounts Effectively - Learn to slay those markdowns and still pocket profits by mastering discount math. A 20% off sticker on a $50 hoodie means you collect $40 - now imagine rolling that over hundreds of orders! Pricing Discounts Guide
    4. Pricing Discounts Guide
  4. Evaluate Revenue Forecasts Using Percentages - Become a sales soothsayer by projecting future revenue with simple percentage increases or decreases. If you expect a 10% uptick on $100,000, you're targeting $110,000 next quarter - game on! Revenue Forecasting Basics
    5. Revenue Forecasting Basics
  5. Apply Ratio and Proportion Methods to Sales Data - Compare metrics like online vs. in-store sales to make savvy calls - if online is $30k and offline is $60k, you've got a 1:2 ratio to optimize. Ratios turn raw data into clear action plans! Ratio Analysis Methods
    6. Ratio Analysis Methods
  6. Identify Errors in Sales Order Computations - Sharpen your detective skills to spot misplaced decimal points or quantity goofs, ensuring customers get exactly what they ordered - and your books stay spotless. Sales Order Accuracy Tips
    7. Sales Order Accuracy Tips
  7. Utilize Excel for Sales Calculations - Automate commissions with IF and IFS functions so you can focus on closing deals, not manual math. For example, =IF(sales>10000, sales*0.07, sales*0.05) instantly applies tiered rates. Calculate Sales Commission with IF - Excel Formula
    8. Calculate Sales Commission with IF - Excel Formula
  8. Understand the Impact of Discounts on Profit Margins - Weigh how slashing prices affects your bottom line: a 10% discount could boost units sold but shrink per-item margin, so find the sweet spot! How Discounts Affect Profit Margins
    9. How Discounts Affect Profit Margins
  9. Analyze Sales Data Using Percentages - Spot trends by measuring period-over-period changes - if sales climb from $50k to $60k, that's a 20% jump worth celebrating and digging into! Analyzing Sales with Percentages
    10. Analyzing Sales with Percentages
  10. Master Core Math Principles Essential for Sales Success - Brush up on percentages, ratios, and basic algebra so you can breeze through any calculation thrown your way. Strong fundamentals are your secret weapon in every sales scenario! Core Math Concepts
    11. Core Math Concepts
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