Money and Financial Problems: Practice Set 3 - Worksheets, Questions and Revision

26 original exam-style questions - 8 pages of questions with a full mark scheme - free printable PDF.

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EP.M52 Money and Financial Problems: Practice Set 3

GL ASSESSMENT GL · Calculators not allowed · about 55 minutes
Total Marks
Name: _______________________________    Date: ____ / ____ / ______
Answer ALL questions. Show all your working.
1
Freya buys a comic for 85p. She pays with a 1 pound coin. Work out her change.
  • A) 5p
  • B) 10p
  • C) 15p
  • D) 20p
  • E) 25p
(Total for Question 1 is 1 mark)
2
Rohan buys a drink for 1.20 pounds and pays with a 2 pound coin. Work out his change.
  • A) 70p
  • B) 75p
  • C) 80p
  • D) 85p
  • E) 90p
(Total for Question 2 is 1 mark)
3
Priti buys a packet of 5 balloons for 1.00 pound in total. Work out the cost of one balloon.
  • A) 10p
  • B) 20p
  • C) 25p
  • D) 40p
  • E) 50p
(Total for Question 3 is 1 mark)
4
Kwame buys six identical pens which cost 3.00 pounds in total. Work out the cost of one pen.
  • A) 30p
  • B) 45p
  • C) 50p
  • D) 55p
  • E) 60p
(Total for Question 4 is 1 mark)
5
A stick of rock costs 95p. Ibrahim pays with a 1 pound coin. Work out his change.
  • A) 5p
  • B) 10p
  • C) 15p
  • D) 20p
  • E) 25p
(Total for Question 5 is 1 mark)
6
Nadia buys a bag of crisps for 55p and an apple for 40p. Work out the total cost.
  • A) 85p
  • B) 90p
  • C) 95p
  • D) 1.00 pound
  • E) 1.05 pounds
(Total for Question 6 is 1 mark)
7
Chloe buys 4 identical fridge magnets for 1.60 pounds in total. Work out the cost of one magnet.
  • A) 20p
  • B) 30p
  • C) 40p
  • D) 50p
  • E) 80p
(Total for Question 7 is 1 mark)
8
Daniel pays for a bus ticket costing 1.35 pounds with a 2 pound coin. Work out his change.
  • A) 55p
  • B) 60p
  • C) 65p
  • D) 70p
  • E) 75p
(Total for Question 8 is 1 mark)
9
Grace runs a market stall. She buys keyrings for 1.20 pounds each and sells them for 2.00 pounds each. Work out the profit she makes on one keyring.
  • A) 70p
  • B) 75p
  • C) 80p
  • D) 90p
  • E) 1.20 pounds
(Total for Question 9 is 1 mark)
10
A jacket costs 40 pounds. In a sale it is reduced by 10%. Work out the sale price.
  • A) 4.00
  • B) 30.00
  • C) 36.00
  • D) 38.00
  • E) 44.00
(Total for Question 10 is 1 mark)
11
Two shops sell identical bars of soap. Shop A sells one bar for 60p. Shop B sells 3 bars for 1.50 pounds. Work out the price of one bar in Shop B.
  • A) 40p
  • B) 45p
  • C) 50p
  • D) 55p
  • E) 60p
(Total for Question 11 is 1 mark)
12
Yasmin buys a pack of 12 stickers for 1.44 pounds. Work out the cost of one sticker.
  • A) 10p
  • B) 12p
  • C) 14p
  • D) 16p
  • E) 18p
(Total for Question 12 is 1 mark)
13
Ben buys 3 bags of crisps at 65p each. Work out the total cost.
  • A) 1.30
  • B) 1.85
  • C) 1.95
  • D) 2.05
  • E) 2.60
(Total for Question 13 is 1 mark)
14
A book costs 9 pounds. In a sale, it is reduced by 1/3 of its price. Work out the sale price.
  • A) 3.00
  • B) 5.00
  • C) 6.00
  • D) 6.75
  • E) 7.50
(Total for Question 14 is 1 mark)
15
A shop sells juice in two sizes: a 1 litre bottle for 1.60 pounds, or a 1.5 litre bottle for 2.10 pounds. Work out the price per litre of the 1.5 litre bottle.
  • A) 1.20
  • B) 1.30
  • C) 1.40
  • D) 1.50
  • E) 1.60
(Total for Question 15 is 1 mark)
16
Zara saves 2.50 pounds each week. Work out the smallest number of weeks needed for her total savings to reach at least 15 pounds.
  • A) 5
  • B) 6
  • C) 7
  • D) 8
  • E) 10
(Total for Question 16 is 1 mark)
17
Aisha buys 2 sandwiches at 1.85 pounds each and a bottle of water for 90p. Work out the total amount she spends.
  • A) 3.70
  • B) 4.40
  • C) 4.60
  • D) 4.70
  • E) 5.50
(Total for Question 17 is 1 mark)
18
A toy shop buys teddy bears for 4 pounds each and sells them for 7 pounds each. Work out the total profit made from selling 5 teddy bears.
  • A) 3.00
  • B) 12.00
  • C) 15.00
  • D) 20.00
  • E) 35.00
(Total for Question 18 is 1 mark)
19
Ethan pays for a bus ticket costing 1.85 pounds using a 2 pound coin. Work out his change, and write it using the fewest possible coins.
(Total for Question 19 is 2 marks)
20
Sofia has 25 pounds to spend at a school fair. She spends 6.50 pounds on food and 4.25 pounds on games, then buys 3 raffle tickets at 80p each. Work out how much money she has left.
(Total for Question 20 is 2 marks)
21
A box of cereal is sold in three sizes: Small, 300g for 1.50 pounds; Medium, 500g for 2.25 pounds; Large, 750g for 3.15 pounds. Work out the price per 100g for each size, and state which size is the best value.
(Total for Question 21 is 3 marks)
22
A cafe bill for four friends comes to 27.60 pounds in total. They split the bill equally, and each friend pays with a 10 pound note. Work out how much change each friend receives.
(Total for Question 22 is 3 marks)
23
A stationery shop sells notebooks in two deals: Deal 1, 5 notebooks for 6.25 pounds; Deal 2, 8 notebooks for 9.60 pounds. Work out which deal offers better value per notebook, and by how much per notebook it is cheaper.
(Total for Question 23 is 3 marks)
24
A shop buys a jigsaw puzzle for 6 pounds. It sells the puzzle for 6 pounds plus 50% profit. In a sale, the puzzle is then reduced by 10% of its selling price. Work out the final sale price.
(Total for Question 24 is 3 marks)
25
A school trip costs 45 pounds per student before any discount.
(a)The school gets a 12% discount for booking 30 students. Work out the discount on one student's trip, then work out the discounted price per student.(2)
(b)The school collects 39.60 pounds from each of the 30 students. The coach costs 850 pounds and packed lunches cost 3.50 pounds per student. Work out how much money is left over after paying for the coach and all the packed lunches.(2)
(Total for Question 25 is 4 marks)
26
Leon is organising a class party with a budget of 40 pounds.
(a)He buys 6 packets of balloons at 85p each and 4 rolls of streamers at 1.35 pounds each. Work out the total cost of the balloons and streamers.(2)
(b)He also needs cups. Shop A sells 20 cups for 2.40 pounds. Shop B sells 30 cups for 3.30 pounds. Work out which shop offers better value per cup, and the price per cup there.(2)
(c)Leon buys the cups from the cheaper shop. Using his total spending on balloons, streamers (10.50 pounds) and cups (3.30 pounds), work out how much of his 40 pound budget remains.(1)
(Total for Question 26 is 5 marks)
Mark scheme · EP.M52 Money and Financial Problems: Practice Set 3

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Question 15

Question 16

Question 17

Question 18

Question 19

Question 20

Question 21

Question 22

Question 23

Question 24

Question 25

Question 26