Business math punishes procedure rather than theory. Nothing in Practical Business Math Procedures, 13th Edition by Jeffrey Slater is conceptually hard, yet students lose whole questions to a discount date counted from the wrong day, a markup taken on cost when the problem said selling price, or an interest formula applied with the time expressed in months instead of years. The course rewards students who have drilled the procedures until the setup is automatic.
Why this test bank helps
Arriving at the right figure matters, but knowing which step produced a wrong one matters more, because in business math the same three or four slips recur across every chapter. Each question here is followed by a rationale that lays out the procedure in order, identifies the base, rate and portion in play, and explains the miscalculation that produces each incorrect option, so a wrong answer becomes a specific habit you can correct.
What’s inside
- Questions organized chapter by chapter, following the order the textbook introduces each procedure.
- Multiple-choice, true or false, and word problems with realistic invoices, payroll figures and loan terms.
- A worked rationale for every question, showing the setup and each arithmetic step.
- Business-specific emphasis on the classic traps: dating terms, base versus portion, and time expressed in the wrong unit.
- Digital PDF, delivered instantly after checkout.
Topics covered
- Number fundamentals — whole numbers, fractions, decimals and solving word problems with equations.
- Banking and payroll — bank reconciliation, gross pay, overtime, payroll deductions and employer taxes.
- Trade and cash discounts — single and chain discounts, and invoice dating terms including ordinary, EOM and ROG.
- Markup and markdown — pricing based on cost versus pricing based on selling price, and margin calculations.
- Simple interest and promissory notes — maturity value, exact and ordinary time, and discounting a note.
- Compound interest and present value — future value tables, effective rates and sinking funds.
- Annuities and credit — ordinary annuities, annuities due, installment purchases and amortization schedules.
- Business applications — depreciation methods, inventory valuation, overhead allocation, taxes, insurance and securities.
Who it’s for
Students in a business mathematics course in a business administration, accounting, retail or office administration program, at community college or first-year university level, plus anyone refreshing these procedures before a bookkeeping or payroll course.
How to use it (the right way)
Work each set with a calculator and a blank page, writing the setup before you compute anything, since the setup is where the marks live. Redo any question you missed the next day from scratch rather than rereading the rationale, because procedural skills return through repetition and not recognition. This is a study aid, to be used in line with your institution’s academic-integrity policy and not as a replacement for the assignments your course sets.
Sample question (shows the format — your download contains the full set)
Q. An invoice for $1,000 is dated March 5 with terms of 2/10, n/30. The buyer pays on March 12. How much should the buyer remit?
- A. $1,000
- B. $998
- C. $980
- D. $970
Answer: C. The terms allow a two percent cash discount if payment is made within ten days of the invoice date. March 12 is the seventh day, so the discount applies: two percent of $1,000 is $20, leaving $980 due. Option A ignores the discount period entirely and would be right only from March 16 onward. Option B applies two tenths of one percent instead of two percent, a decimal-place slip. Option D applies three percent, the rate from the common 3/10 terms rather than the terms actually printed on this invoice.
Edition & format
- Matches: Practical Business Math Procedures, 13th Edition, by Jeffrey Slater (ISBN 9781260239485).
- Format: Digital PDF, delivered instantly after checkout.
- Access: Lifetime access, with re-download available anytime.
Please confirm the edition and ISBN match the textbook your course is using before ordering, since tables and problem sets are revised between editions.
Frequently asked questions
Is this the current edition? This file is prepared for the 13th edition. Compare the ISBN above with the one on your syllabus before ordering.
How do I receive it? The download link appears on your confirmation page as soon as checkout completes, and it is also emailed to you.
Do all questions include rationales? Yes. Every item is followed by the full procedure and an explanation of the miscalculation behind each wrong option.
Is using a test bank allowed? Drilling practice questions is a normal way to prepare. Use this file for self-testing, within your institution’s academic-integrity policy and your instructor’s rules.
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