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11-Plus Maths
Solving Problems - Money (Medium)
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Q.1
It costs a shop £1 to buy an article which it then sells at a profit. If the shop wants to make a 400% profit on the sale of the article, how much must it sell it for?
0%
£5
0%
£4
0%
£8
0%
£6
Q.2
A fine for late payment is charged at 1% per day on the money owed. If someone owes £250, how much will the fine be after one day?
0%
£25.0
0%
£2.50
0%
£250
0%
£0.25
Q.3
Super Stores is giving a 50% discount on certain electrical items. If a 'Frosty' fridge sells for £548, what will it sell for if there is a 50% discount on it?
0%
£274
0%
£498
0%
£247
0%
£137
Q.4
Peter is going on holiday to Germany next week, so he decides to change £500 into Euros (€). If £1 = €1.2, how many Euros will he get?
0%
€417
0%
€60
0%
€6,000
0%
€600
Q.5
Sally gets a salary of £14,560 per annum (per year). She has now been told that she has to take a 10% reduction in her salary. How much will she earn per annum after the 10% reduction?
0%
£13,410
0%
£13,401
0%
£13,140
0%
£13,104
Q.6
Mark has put £3,500 into a savings account. If he doesn't remove his money for 1 year, he will earn an interest of 2%. How much in pounds is 2% interest?
0%
£7
0%
£70
0%
£700
0%
£7,000
Q.7
Sofia has just arrived in the UK from Italy, and she wants to change her Euros into pounds sterling: the exchange rate is £1 = €1.If she changes €1,200, how many pounds sterling will she get?
0%
£1,440
0%
£144
0%
£1,000
0%
£100
Q.8
James inherited 75% of his grandfather's money. If his grandfather left £125,000, how much did James inherit?
0%
£93,750
0%
£93,650
0%
£93,550
0%
£93,250
Q.9
Paul has just arrived in the USA from the UK, and he wants to change his pounds sterling into US dollars: the exchange rate is £1 = $1.If he changes £2,500, how many US dollars will he get?
0%
$1,562.50
0%
$4,000
0%
$400
0%
$156.25
Q.10
Janet got £12.19 in change from a £50 note after she had bought three items that each cost the same price. How much did each item cost?
0%
£16.20
0%
£12.60
0%
£11.19
0%
£37.81
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