Profit, Loss and Financial Calculations Flashcards
6 cards from real Civil Service Numerical Reasoning Test practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Profit, Loss and Financial Calculations flashcards as text
A product is sold at a loss of 15%. It was bought for £80. What was it sold for?
Answer: £68
15% of £80 = £12. Selling price = £80 − £12 = £68.
A company's profit increased from £60,000 to £78,000. What was the percentage increase in profit?
Answer: 30%
Increase = £18,000. (18,000 ÷ 60,000) × 100 = 30%.
Total costs are split: fixed costs £12,000 and variable costs £8,400. Revenue is £26,000. What is the profit?
Answer: £5,600
Total costs = £20,400. Profit = £26,000 − £20,400 = £5,600.
An investment of £10,000 generates a 7% annual return. What is the return in pounds?
Answer: £700
7% of £10,000 = 0.07 × 10,000 = £700.
A business made a loss of £9,000 on a deal. This represents 12% of the original investment. What was the original investment?
Answer: £75,000
£9,000 = 12% of investment. Investment = £9,000 ÷ 0.12 = £75,000.
Gross profit is £120,000 and operating costs are £45,000. What is the net profit?
Answer: £75,000
Net profit = Gross profit − Operating costs = £120,000 − £45,000 = £75,000.