Free Salesforce CPQ-301 Exam Actual Questions

The questions for CPQ-301 were last updated On Apr 21, 2025

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Question No. 1

Universal Containers (UC) offers the same services for consumption in different parts of the country, but at different prices. UC has configured this without cloning bundles or pricebooks.

A single quote can contain products for consumption anywhere in the country.

A custom object has been created to maintain a Price Multiplier per product per geographic are

a. The quote document should display the List Price of the appropriate geographic area.

How should the CPQ specialist complete the configuration?

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Correct Answer: B

Requirement Overview:

Adjust the List Price dynamically based on the geographic area using a custom Price Multiplier stored in a custom object.

Solution Details:

Custom List Unit Price Field: Store the adjusted List Price for the specific geographic area.

Lookup Price Rule: Retrieve the multiplier from the custom object and calculate the adjusted List Price.

Steps to Configure:

Create a Custom Field (e.g., Custom List Unit Price) on the Quote Line.

Create a Lookup Price Rule to:

Retrieve the Price Multiplier from the custom object.

Calculate and populate the custom List Unit Price field.

Validation:

Generate a Quote and confirm the List Price reflects the appropriate multiplier for the geographic area.


Question No. 2

Universal Containers (UC) sells a Product in four geographical regions that comes in 10 colors and four sizes. Instead of having a separate SKU for all combinations, UC needs the sales reps to specify location, color,

and size during configuration.

What CPQ functionality can UC's Admin leverage to meet this requirement?

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Correct Answer: A

Question No. 3

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?

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Correct Answer: A

Scenario:

Product A has no Subscription Pricing, while Product B uses Percent of Total with a shared category.

During renewal, Product A has a Net Total of zero.

Reason:

When the Renewal Model is set to Asset-Based, only assets tied to the Contract are included in the renewal.

Since Product A has no Subscription Pricing, it is not treated as a subscription and thus has a Net Total of zero.

Why Other Options Are Incorrect:

B: Product A is not pre-owned in this scenario.

C: The Include Net-New Products in Maintenance setting applies to maintenance scenarios, not standard renewals.

D: Asset Conversion determines asset behavior, not renewal totals.

Salesforce CPQ Reference:

Renewal behaviors with Asset-Based Models are covered in CPQ Renewal Settings Documentation .


Question No. 4

How should an admin enable renewal uplift on an Account?

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Correct Answer: C

Requirement Overview:

Enable Renewal Uplift for the Account to adjust pricing for renewals.

Steps to Configure:

Renewal Pricing Method:

Navigate to the Account record.

Set the Renewal Pricing Method field to Uplift.

Renewal Uplift (%):

On the related Contract record, populate the Renewal Uplift (%) field with the desired percentage increase.

Validation:

Test the renewal process by generating a Renewal Quote and ensuring the Uplift applies to subscription pricing.


Question No. 5

An Admin wants to generate one Asset record for each Quantity of a new Product. Currently, zero Asset records are generated for this Product when included on Quotes that are Contracted.

Which setting should the Admin change to meet the business requirement?

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Correct Answer: A

Requirement Overview:

Admin needs to generate one Asset record for each unit of the Product upon contracting.

Solution Details:

The Asset Conversion field determines how Salesforce CPQ creates Asset records from Quote Lines.

Setting Asset Conversion to One per Unit ensures that for each quantity of the Product, a corresponding Asset is created.

Steps to Configure:

Navigate to the Product record.

Locate the Asset Conversion picklist and select One per Unit.

Save and test the configuration by creating a Quote, contracting it, and verifying the Asset creation.