Free Salesforce CPQ-301 Exam Questions

Become Salesforce Certified with updated CPQ-301 exam questions and correct answers

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Total 261 Questions | Updated On: Mar 11, 2026

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Question 1

Universal Container has four price-rules, each with differing Calculator Evolutions Event and Evaluation Orders.

Which rule will evaluate first?

A : Rule A with Evaluation Order of 10, and Calculator Evaluation Event of Before Calculate

B : Rule B with Evaluation Order of 20, and Calculator Evaluation Event of On initialization

C : Rule C with Evaluation Order of 20, and Calculator Evaluation Event of Before Calculate

D : Rule D with Evaluation Order of 5, and Calculator Evaluation Event of on Calculate

Answer: B

Question 2

A user created a Quote containing two Products. The Subscription Pricing field on Product A is blank. Product B has Subscription Pricing set to Percent of Total and both Products share the same Percent of Total Category. When the Contract is renewed, both Products are shown in the renewal Quote, but Product A has a Net Total of zero.

Why does Product A have a Net Total of zero?

A : Renewal Model was set to Asset Based at the Account Level.

B : The Asset Conversion behavior on the Product must be set to Allow Renewals.

C : Include Net-New Products in Maintenance must be flagged in CPQ Package settings,

D : Product A is an Asset that the customer already owns.

Answer: A

Question 3

An Admin at Universal Containers has hidden the prices of Products on the Configure Products page.

How should the Admin make the prices visible again?

A : Go to the Product Option object-s Unit Price field and add visibility to its Field-level security.

B : Go to the Product Option object-s Option Configuration Field Set and add the Unit Price field.

C : Go to the Product Option record and check if the Default Pricing Table field is set to Standard.

D : Go to the Product Option record and check if the Price Editable field is False.

Answer: A

Question 4

Universal Containers (UC) has set the CPQ package settings of both Subscription Term Unit and Subscription Prorate Precision to Month, UC wants to quote a Fixed Price Subscription Product with a Start Date of June 18, 2019 and an End Date of August 21, 2020.

The Product record has a Subscription Term of 12, a Pricing Method of List, and a Pricebook Entry of USD 100.

What is the Prorated List Unit for the Quote Line?

A : USD 118.31

B : USD 100.00

C : USD 125.00

D : USD 116.67

Answer: D

Question 5

Which two conditions must be met so a user can change the Quantity on an Order Product? Choose 2 answers

A : The package setting Allow Multiple Orders is enabled.

B : The Order is in Draft Status.

C : The Order setting Enable Negative Quantities is enabled.

D : The Ordered checkbox on the Quote must be False.

Answer: A,D

Page: 1 / 53

Total 261 Questions | Updated On: Mar 11, 2026

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