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
    Two gyms charge as follows.
    Joining feeCost per month
    Gym A£4040£2424
    Gym Bnone£2929
    (a) Show that for 1212 months Gym A is cheaper than Gym B.

    (2 marks)
    (b) Sam wants to join a gym for only a few months.

    Work out the greatest number of whole months for which Gym B is cheaper than Gym A.

    You must show your working.

    (3 marks)
    Level 4 · 5 marksTry it
  2. 2
    Two shops sell the same shampoo.
    Shop AShop B
    £2.402.40 a bottle£2.102.10 a bottle
    Offer: buy one, get one half priceOffer: a pack of 44 bottles for £7.607.60
    Kate wants to buy exactly 1414 bottles.

    Which shop is cheaper for 1414 bottles, and by how much?

    You must show your working.

    (5 marks)
    Level 4 · 5 marksTry it
  3. 3
    Amira is paid £10.8010.80 per hour for the first 3535 hours she works each week.

    For every hour after that, she is paid at time-and-a-half.

    One week Amira earns £491.40491.40.

    How many hours does Amira work that week?

    You must show your working.

    (4 marks)
    Level 4 · 4 marksTry it
  4. 4
    In a shop in the UK, a 750750 ml bottle of olive oil costs £5.405.40.

    In a shop in Italy, a 22 litre can of the same olive oil costs €15.8015.80.

    £1=1 = €1.161.16

    In which country is the olive oil better value for money?

    You must show how you get your answer.

    (4 marks)
    Level 4 · 4 marksTry it
  5. 5
    Here is a question and an incorrect solution.

    Question:

    Leon earns £23402340 one month.

    He pays no income tax on the first £10501050 he earns each month.

    He pays 20%20\% income tax on the rest.

    Work out the income tax Leon pays that month.

    Solution:

    20%20\% of £2340=2340 = £468468

    Leon pays £468468 income tax.

    Describe the error made and write out a correct solution.

    (3 marks)
    Level 4 · 3 marksTry it

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