Formulas Given Formulas Mock Tests

A company defines a custom formula for calculating employee bonuses: Bonus = (Performance Score × 100) + (Years of Service × 500). An employee has a performance score of 7.5 out of 10 and has been with the company for 6 years. What is their bonus?

A company applies a 20% markup on the cost price, then offers a 10% discount on the marked price. If the final selling price is $2,160, what was the original cost price?

A company uses this formula to calculate employee performance score: Score = (tasks completed × 10) + (customer rating × 20) − (complaints × 15) An employee completed 50 tasks, received a customer rating of 4 out of 5, and had 2 complaints. What is their performance score?

A company uses the formula: Profit = Revenue − Cost, where Cost = $10,000 + ($5 × units produced). If the revenue per unit is $15 and 2,000 units are produced and sold, what is the profit?

A company defines customer lifetime value (CLV) with this formula: CLV = average order value × purchase frequency × customer lifespan (in years) A customer spends ₹500 per order, makes 4 purchases per year, and has been a customer for 3 years. What is their CLV?