Q.1
Michael earns a salary of £24,523.50 per annum (per year). He has now been told that he will receive a 10% increase in his salary. How much will Michael earn per annum after his wage rise?
  • £26,975.85
  • £25,875.65
  • £24,775.35
  • £22,071.15
Q.2
Lisa has just arrived in India from the UK, and she wants to change her pounds sterling into Indian Rupees (₹): the exchange rate is £1 = ₹91.If Lisa changes £2,500, how many Indian Rupees will she get?
  • ₹22.90
  • ₹2,290
  • ₹22,900
  • ₹229,000
Q.3
Emily is going on holiday to Brazil next week, so she decides to change £800 into Brazilian Reals (R$). If £1 = R$5.32, how many Brazilian Reals will Emily get?
  • R$4,256
  • R$2,256
  • R$1,256
  • R$150
Q.4
Elsie bought seven Easter eggs, one for each of her grandchildren. Each Easter egg cost the same amount and Elsie got £4.50 in change from a £50 note. How much would one Easter egg have cost?
  • £15.50
  • £45.50
  • £6.50
  • £4.50
Q.5
A clothes shop is selling last season’s stock with a 60% discount. If a dress now costs £46.80, how much was it before the discount?
  • £28.08
  • £44.58
  • £62.58
  • £78.00
Q.6
Lucy inherited 25% of her grandfather's business. If the business is worth £1,325,000, what is the value of Lucy’s inheritance?
  • £993,750
  • £662,500
  • £331,250
  • £325,000
Q.7
Stephen has put £10,000 into a savings account. At the end of the year he is paid interest and his balance increases to £10,What rate of interest did Stephen’s bank pay?
  • 0.25%
  • 2.5%
  • 25%
  • 250%
Q.8
It costs a factory £20,000 to build one car. If the factory wants to make a 200% profit on the sale of the car, how much must it sell it for?
  • £20,000
  • £40,000
  • £60,000
  • £80,000
Q.9
Bruce has just arrived in the UK from Australia, and he wants to change his Australian dollars into pounds sterling: the exchange rate is £1 = $1.If Bruce changes $1,400, how many pounds sterling will he get?
  • £2,632.00
  • £1,832.28
  • £932.48
  • £744.68
Q.10
Tracey’s bank account pays interest of 2% per year on any money in her account. If Tracey has £894 in her account when the interest is calculated, how much will she earn in interest?
  • £8.94
  • £17.88
  • £26.82
  • £35.76
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