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 charity receives donations totalling £48,000. Administration costs take 12.5%. How much is available for charitable activities?
Answer: £42,000
Admin costs = 12.5% of £48,000 = £6,000. Available = £48,000 − £6,000 = £42,000.
A business breaks even when it sells 400 units. Each unit sells for £25 and variable costs are £15 per unit. What are the fixed costs?
Answer: £4,000
At break-even: Revenue = Total costs. Revenue = 400 × £25 = £10,000. Variable costs = 400 × £15 = £6,000. Fixed costs = £10,000 − £6,000 = £4,000.
A department earns a surplus of £8,500. This is 17% of its total income. What is its total income?
Answer: £50,000
Total income = £8,500 ÷ 0.17 = £50,000.
A company's annual profit is £240,000. Corporation tax at 25% is payable. What is the after-tax profit?
Answer: £180,000
Tax = 25% of £240,000 = £60,000. After-tax profit = £240,000 − £60,000 = £180,000.
A loan of £15,000 is taken out at 6% simple interest for 3 years. What is the total amount repaid?
Answer: £17,700
Simple interest = £15,000 × 0.06 × 3 = £2,700. Total repaid = £15,000 + £2,700 = £17,700.
Annual revenue is £780,000. Staff costs are 45% of revenue, overheads are 25%, and other costs are 15%. What is the net profit?
Answer: £117,000
Total costs = (45 + 25 + 15)% = 85% of £780,000 = £663,000. Net profit = £780,000 − £663,000 = £117,000.