Free Salesforce CPQ-301 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free CPQ Specialist CPQ-301 Exam Dumps Questions Practice 2026

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Total 261 Questions | Updated On: May 24, 2026

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Question 1

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 2

When sold a la carte, a processor Product should be priced at USD 200 and EUR 150. When sold as a component of a laptop bundle in USD, this processor should be priced at USD 180 and EUR 135.

If Universal Containers must enable multi-currency, how should the admin implement this discounted price?

A : Set the Unit Price field on the processor Product Option to a value of 180.

B : Set the Discount % field on the processor Product Option to 10%.

C : Set the Bundled checkbox to True.

D : Create a new Product record with a USD 180 Price Book Entry for the discounted Processor.

Answer: C

Question 3

Universal Containers (UC) is a reseller of a Product made by another company. UC wants to price the Product based on the Cost that UC pays for it.

How should the admin set the Cost for this Product?

A : Add the Cost to the Product-s Price Book Entry Cost field. ^

B : Use a Price Rule to set the Cost field on the Quote Line.

C : A Create a Cost record in the Product-s Costs related list.

D : Add a Cost Discount Schedule to the Products Discount Schedule related list.

Answer: C

Question 4

Universal Containers (UC).utilizes bundles to sell hardware and related accessories together as a package. Several of the accessories are component-type Options, with quantities dependent on the hardware. UC wants to begin using split Orders to manage a fulfillment process, with Orders broken out based on when items are shipped to the customer.

Whet should UC consider before implementing split Orders ?

A : The hardware bundle and component-type Options can be spilt manually.

B : The hardware bundle and component-type Options can be spilt Into separate Orders without preserving the bundle structure.

C : The hardware bundle and component-type Options must be placed in the same Order together.

D : The hardware bundle and component-type Options can be split using the Order By field.

Answer: B

Question 5

Universal Containers has created a Discount Schedule with the override Behavior set to All Tiers and applied it to a Product. A sales rep then adds this Product to a Quote, manually changes the discount percent of a discount Tier, and saves the Quote.

At what point during the sales process can the sales rep be assured that the override amount will be unaffected by changes the Admin may make to the original Discount Schedule?

A : The Save or Quick Save buttons are clicked.

B : Override values are subject to Discount Schedule updates made by the Admin.

C : The Opportunity status has changed to Proposal/price Quote.

D : The Quote status has changed to Approved.

Answer: A

Page: 1 / 53

Total 261 Questions | Updated On: May 24, 2026

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