Civil Service Numerical Reasoning Test Profit, Loss and Financial Calculations

Question 1

A product costs £40 to produce and is sold for £52. What is the profit margin as a percentage of the selling price?

Accepted Answer

23.1%

Answer

30%

Answer

25%

Answer

20%

Question 2

A business made a profit of £18,000 last year. This year profits fell by 25%. What is this year's profit?

Accepted Answer

£13,500

Answer

£12,000

Answer

£15,000

Answer

£14,000

Question 3

A shop buys goods for £600 and sells them for £720. What is the profit as a percentage of the cost price?

Accepted Answer

20%

Answer

15%

Answer

25%

Answer

18%

Question 4

Revenue is £85,000 and costs are £68,000. What is the profit as a percentage of revenue?

Accepted Answer

20%

Answer

15%

Answer

25%

Answer

18%

Question 5

A trader bought items for £2.50 each and sold them for £3.75 each. What is the percentage profit on cost?

Accepted Answer

50%

Answer

40%

Answer

45%

Answer

33%

Question 6

A company's total income is £500,000 and total expenditure is £425,000. What is the net profit?

Accepted Answer

£75,000

Answer

£70,000

Answer

£80,000

Answer

£65,000