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 costs £40 to produce and is sold for £52. What is the profit margin as a percentage of the selling price?
Answer: 23.1%
Profit = £12. Profit margin = (12 ÷ 52) × 100 = 23.1%.
A business made a profit of £18,000 last year. This year profits fell by 25%. What is this year's profit?
Answer: £13,500
25% of £18,000 = £4,500. This year's profit = £18,000 − £4,500 = £13,500.
A shop buys goods for £600 and sells them for £720. What is the profit as a percentage of the cost price?
Answer: 20%
Profit = £120. Percentage of cost = (120 ÷ 600) × 100 = 20%.
Revenue is £85,000 and costs are £68,000. What is the profit as a percentage of revenue?
Answer: 20%
Profit = £17,000. (17,000 ÷ 85,000) × 100 = 20%.
A trader bought items for £2.50 each and sold them for £3.75 each. What is the percentage profit on cost?
Answer: 50%
Profit = £1.25. (1.25 ÷ 2.50) × 100 = 50%.
A company's total income is £500,000 and total expenditure is £425,000. What is the net profit?
Answer: £75,000
Net profit = £500,000 − £425,000 = £75,000.