GCSE · Units, money & time

Money problems (change, pay, bills, offers and exchange rates)Exam-style questions

Everyday money questions with one toolkit: write amounts correctly in pounds and pence, work out totals and change (and work backwards from the change), pay from hours and overtime, bills with a fixed or standing charge, multi-buy offers, exchange rates, how many you can afford, and how to show whether there is enough money.

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11 questions · GCSE (Higher) level · mark scheme and worked solution on each · no sign-up to try

DifficultyAllLevel 2Level 3Level 4
  1. 1
    A hotel in New York charges 640640 US dollars for a two-night stay.

    The exchange rate is £1=1.281 = 1.28 US dollars.

    Work out the cost of the stay in pounds.

    (2 marks)
    Level 2 · 2 marksTry it
  2. 2
    Jade compares the price of milk in a shop in the UK with the price of milk in a shop in the USA.
    UK shopUSA shop
    Amount of milk in a bottle22 litres11 US gallon
    Price of a bottle£1.654.204.20 US dollars
    £1 =1.25= 1.25 US dollars

    11 US gallon =3.8= 3.8 litres

    Jade says,

    "The milk in the USA shop is better value for money than the milk in the UK shop."

    Is Jade correct?

    You must show how you get your answer.

    (4 marks)
    Level 3 · 4 marksTry it
  3. 3
    A pair of trainers costs €9696 in a shop in Spain.

    The same trainers cost £7979 in a shop in the UK.

    The exchange rate is £1=1 = €1.141.14.

    In which country are the trainers cheaper?

    Show how you decide.

    (3 marks)
    Level 3 · 3 marksTry it
  4. 4
    A sofa costs £12401240 if it is paid for in full.

    Instead, Kai can pay
    • a deposit of 15%15\% of £12401240
    • then 1212 monthly payments of £9292.
    How much more does Kai pay altogether by paying a deposit and monthly payments?

    (4 marks)
    Level 3 · 4 marksTry it
  5. 5
    The exchange rate is £1=€1.151 = €1.15.

    (a) Convert £240240 into euros.

    (b) Convert €6969 into pounds.
    Level 3 · 2 marksTry it

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