Civil Service Numerical Reasoning Test Profit, Loss and Financial Calculations 2

Question 1

A product is sold at a loss of 15%. It was bought for £80. What was it sold for?

Accepted Answer

£68

Answer

15% of £80 = £12. Selling price = £80 − £12 = £68.

Question 2

A company's profit increased from £60,000 to £78,000. What was the percentage increase in profit?

Accepted Answer

30%

Answer

Increase = £18,000. (18,000 ÷ 60,000) × 100 = 30%.

Question 3

Total costs are split: fixed costs £12,000 and variable costs £8,400. Revenue is £26,000. What is the profit?

Accepted Answer

£5,600

Answer

Total costs = £20,400. Profit = £26,000 − £20,400 = £5,600.

Question 4

An investment of £10,000 generates a 7% annual return. What is the return in pounds?

Accepted Answer

£700

Answer

7% of £10,000 = 0.07 × 10,000 = £700.

Question 5

A business made a loss of £9,000 on a deal. This represents 12% of the original investment. What was the original investment?

Accepted Answer

£75,000

Answer

£9,000 = 12% of investment. Investment = £9,000 ÷ 0.12 = £75,000.

Civil Service Numerical Reasoning Practice Test