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Business Mathematics — Information & Free Practice

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Business Mathematics

Provider
Prometric
Format
Multiple choice: one correct answer and three incorrect options; remote ProProctor, Prometric test-center or institution-arranged NTC delivery subject to registration requirements.
Exam questions
Total questions: 100.
Time limit
2 hours
Passing score
400 is the ACE-recommended minimum score; institutions determine their credit-awarding policy.
Exam fee
$100 examination fee; additional test-site administrative charges may apply. Military funding eligibility is separate from general eligibility.
Examination outline
  • Number Sense (5%)
    • Percentages, Fractions, and Decimals
  • Algebraic Concepts (16%)
    • Linear equations and inequalities
    • Simultaneous linear equations
    • Quadratic equations and functions
    • Graphing equations and evaluating functions
  • Statistics (14%)
    • Central tendency
    • Expected value
    • Weighted averages
    • Dispersion
    • Probability distributions
  • Business Applications (49%)
    • Index numbers
    • Interest
    • Depreciation / salvage value
    • Discounts and credit terms
    • Installment purchases, promissory notes and other loans
    • Markup/markdown
    • Taxes
    • Cost calculations
    • Breakeven analysis
    • Financial ratio calculation and analysis
    • Interpretation of graphical representations
    • Extrapolation and Interpolation
    • Currency Conversions
    • Investment performance measures
    • Inventory valuation
  • Financial Mathematics (16%)
    • Annuities and present value
    • Amortization and future value
    • Annual percentage rate
    • Effective annual rate
Examination sources