ESB Business Calculations Review

Ben owns a shoe store. He has a new line of limited-edition running shoes that he will be selling in his store soon. The cost of manufacturing the shoes was $18 per pair, and he wants to make a 20% profit on each pair he sells. What is Ben’s selling price?

• $21.60

• $20.00

• $22.00

• $19.80

Adam owns a restaurant. A new dish is being added to the restaurant’s menu. The cost of making the dish is $6.75, and he wants to make a 33% profit on each dish he sells. What is Adam’s selling price?

• $8.98

• $9.00

• $8.00

• $7.50

Mallory owns an auto repair shop. She has $12,000 in cash, $8,000 in inventory, a $4,000 credit card balance and $3,500 in long-term debt. What is Mallory’s equity?

• $12,500

• $13,500

• $14,500

• $15,500

Ashley sells cars. She has $26,000 in cash, $34,000 in inventory, a $4,600 credit card balance, and $7,900 in long-term debt. What is Ashley’s equity?

• $47,500

• $48,500

• $49,500

• $50,500

Mallory sells hats. Last month, Mallory had an income of $3,800, her cost of goods was $875, and her total expenses were $1,400. What was Mallory’s gross income?

• $3,800

• $2,925

• $2,400

• $3,000

Karen’s income last month was $5,400. Her cost of goods was $925, and her total expenses were $3,300. What was Karen’s net income?

• $1,175

• $1,200

• $925

• $5,400

Jane owns a dress-making business. Her income last quarter was $8,000, her cost of goods was $1,500, and her total expenses were $3,000. What was Jane’s net income?

• $3,500

• $4,000

• $3,000

• $3,200

   Jane owns a dress-making business. Her income last quarter was $8,000, her cost of goods was $1,500, and her

total expenses were $3,000. What were Jane’s gross income and net income?

• Gross Income: $5,500, Net Income: $2,500
• Gross Income: $6,500, Net Income: $3,500
• Gross Income: $7,000, Net Income: $4,000
• Gross Income: $8,000, Net Income: $5,000

Gabe owns a candied nut cart. He sells his cup of nuts for $6, and his monthly cost is $810. How many cups of candied nuts does Gabe need to sell to break even?

• 135

• 120

• 100

• 150

Jon’s company acquired 2,000 new customers last year. He spent

$10,000 in marketing costs and $6,000 in sales costs. What was Jon’s

CAC?

• $5

• $8

• $10

• $12