Civil Service Recruitment: CRE and Basic Law Test (Hong Kong) · Numerical Reasoning

Money and Tax

21 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 21 questions

  1. A salaries tax is charged on net income at 2% on the first HK\$50,000, 6% on the next HK\$50,000, 10% on the next HK\$50,000 and 14% on the remainder. How much tax is paid on a net income of HK\$250,0…
  2. A salaries tax is charged on net income at 2% on the first HK\$50,000, 6% on the next HK\$50,000, 10% on the next HK\$50,000 and 14% on the remainder. How much tax is paid on a net income of HK\$200,0…
  3. A salaries tax is charged on net income at 2% on the first HK\$50,000, 6% on the next HK\$50,000, 10% on the next HK\$50,000 and 14% on the remainder. How much tax is paid on a net income of HK\$180,0…
  4. A jacket is priced at HK\$500. A shop gives a discount of 25% and then a further 20% off the reduced price. What is the final price?
  5. A jacket is priced at HK\$1,200. A shop gives a discount of 30% and then a further 20% off the reduced price. What is the final price?
  6. A jacket is priced at HK\$1,600. A shop gives a discount of 30% and then a further 20% off the reduced price. What is the final price?
  7. A jacket is priced at HK\$1,200. A shop gives a discount of 20% and then a further 20% off the reduced price. What is the final price?
  8. A jacket is priced at HK\$400. A shop gives a discount of 20% and then a further 5% off the reduced price. What is the final price?
  9. A jacket is priced at HK\$800. A shop gives a discount of 25% and then a further 20% off the reduced price. What is the final price?
  10. A jacket is priced at HK\$800. A shop gives a discount of 20% and then a further 20% off the reduced price. What is the final price?
  11. A jacket is priced at HK\$500. A shop gives a discount of 20% and then a further 10% off the reduced price. What is the final price?
  12. A deposit of HK\$100,000 earns simple interest at 2% per year. How much interest is earned in 4 years?
  13. A deposit of HK\$50,000 earns simple interest at 5% per year. How much interest is earned in 3 years?
  14. A deposit of HK\$50,000 earns simple interest at 2% per year. How much interest is earned in 3 years?
  15. A deposit of HK\$100,000 earns simple interest at 5% per year. How much interest is earned in 2 years?
  16. A deposit of HK\$80,000 earns simple interest at 3% per year. How much interest is earned in 3 years?
  17. A trader buys a product for HK\$200 and sells it at a profit of 10% on the cost. What is the selling price?
  18. A trader buys a product for HK\$250 and sells it at a profit of 50% on the cost. What is the selling price?
  19. A trader buys a product for HK\$500 and sells it at a profit of 10% on the cost. What is the selling price?
  20. A trader buys a product for HK\$200 and sells it at a profit of 40% on the cost. What is the selling price?
  21. A trader buys a product for HK\$400 and sells it at a profit of 10% on the cost. What is the selling price?

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