Prove Your Business Brilliance: 10-Question Entrepreneur IQ Test

Take our 10-question IQ test designed for entrepreneurs and see if you have what it takes to succeed in the business world.

LD Web Desk LD Web Desk
Jul 12, 2024 - 17:08 Updated: Jul 12, 2024 - 17:08

1. If the cost of goods sold (COGS) is $400,000 and the gross profit margin is 60%, what is the total revenue?

$600,000
$800,000
$1,000,000
$1,200,000

2. A business has a current ratio (current assets / current liabilities) of 2.5. If its current liabilities are $200,000, what are its current assets?

$400,000
$450,000
$500,000
$550,000

3. An investor wants to buy 100 shares of a company. If the price per share is $45 and the investor receives a 10% discount, what is the total cost?

$4,000
$4,050
$4,100
$4,150

4. A company’s earnings before interest and taxes (EBIT) is $300,000, and its interest expenses are $50,000. What is the company's net income before taxes?

$200,000
$250,000
$275,000
$300,000

5. If a company’s net profit is $180,000 and its revenue is $900,000, what is its net profit margin?

15%
18%
20%
25%

6. A company has a monthly recurring revenue (MRR) of $50,000. If it experiences a 5% monthly growth rate, what will be the MRR after 3 months?

$55,000
$57,625
$60,500
$63,156

7. If a product's selling price is reduced by 20% to $80, what was the original selling price?

$90
$95
$100
$105

8. A company's net profit is $120,000, and it pays dividends of $30,000. If it has 45,000 shares outstanding, what is the dividend per share?

$0.50
$0.60
$0.70
$0.80

9. An entrepreneur invests $40,000 in a project that promises a return of 15% per year, compounded annually. What will be the value of the investment after 2 years?

$50,000
$52,900
$53,800
$54,610

10. A business buys raw materials for $200,000 and sells the finished products for $350,000. If the total production costs are $50,000, what is the gross profit?

$100,000
$150,000
$200,000
$250,000