Retail Math Test
Test your knowledge with this free retail math test with answers after each question.
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Check out the Retail Math Fundamentals course for indepth retail math lessons, quizzes, reallife case study, downloadable retail math handbook and exercise workbook.
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Question 1 of 15
1. Question
Store A. generated $474,000 in sales for the month of September. The cost of goods sold (COGS) for the products that have been sold throughout the month was $235,694.
Calculate Gross Margin
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Question 2 of 15
2. Question
You bought a product at $3 and priced it at $12
What is the markup on this product?
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Question 3 of 15
3. Question
A product with the original price of $12 has been discounted to sell at $5.
What is the markdown on this product?
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Question 4 of 15
4. Question
Store B. had total sales of $67,453 for the month of August 2020. The system shows that 335 transactions have been completed throughout the month. A total of 1005 pieces have been sold and a total of 770 people visited the store.
Calculate ATV (Average Transaction Value)
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Question 5 of 15
5. Question
Business C. had 4 stores last year and opened a new store this year. Below are the sales by store for the whole year.
Calculate LFL growth for Store 2
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Question 6 of 15
6. Question
For the same business, calculate LFL growth for the total business.
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Question 7 of 15
7. Question
This company considers any stock above 6 months of age to be aging inventory.
What's the percentage of aging inventory does this company have?
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Question 8 of 15
8. Question
A store had a stock take on Feb 15th 2018 and the next stock take took place on May 1st 2019.
According to the books the store should have a merchandise with the cost value of $485,634 and retail value of $947,853. However, after the stock take it was found that the actual merchandise value for the stock at the store is $464,589 at cost and $905,602 at retail.
The sales between Feb 15 2018 and May 1st 2019 were $2,743,868 at 50% margin.
Calculate shrinkage at Retail to Retail
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Question 9 of 15
9. Question
In 2018, Business A. has generated sales volume of $2,359,669 at a 55% gross margin. By the end of 2018 the closing inventory level was at $410,576 at cost value. In 2017, the business had a closing inventory of $435,568.
How many times does this business turn its inventory in a year?
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Question 10 of 15
10. Question
In 2018, Business A. has generated sales volume of $2,359,669 at a 55% gross margin. By the end of 2018 the closing inventory level was at $410,576 at cost value. In 2017, the business had a closing inventory of $435,568.
How many days does it take for the business to sell its inventory?
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Question 11 of 15
11. Question
A business has a current stock level of $230,000, and is expected to deliver the
following sales over 6 months.
Calculate Forward Stock Cover
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Question 12 of 15
12. Question
Store XYZ had total sales of $3450 on Monday 1st of June. The system shows that 100 transactions have been completed on the same day. A total of 300 pieces have been sold on that day
Calculate UPT (Units per Transaction)
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Question 13 of 15
13. Question
Store XYZ had total sales for $3450 on Monday 1st of June. The system shows that 100 transactions have been completed on the same day. A total of 300 pieces have been sold. On that day 1000 people visited the store.
The actual sales target for that day was $5175.
This store had a conversion rate of 10%. How much did the conversion rate need to be, in order for this store to achieve its sales target?
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Question 14 of 15
14. Question
If a business generated $1,257,469 in sales for the year 2021. After all the expenses have been paid, the net profit amount was $62,873.45.
The company paid $3984 in interest, $18,567 in taxes and a total of $5377 for depreciation and amortization.
Calculate EBITDA
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Question 15 of 15
15. Question
In 2020, Business B. has generated sales volume of 1,459,689 at a 45% gross margin. By the end of 2020 the closing inventory level was at $400,564 at cost value. In 2019, the business has a closing inventory of 375,958.
Calculate GMROI
CorrectIncorrect
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