Financial Problem Solving

Name:

Date:

📚 Part 1: Multiple Choice

WALT: calculate totals, discounts and compare prices when handling everyday money.

1. A sandwich costs $6.50 and a bottle of water costs $2.10. What is the total cost?

$8.60

$8.50

$8.70

2. An item is marked $40 and is on sale for 15% off. What is the sale price?

$34.00

$35.00

$36.00

3. A price including 10% GST is $33.00. What was the price before GST?

$30.00

$29.70

$30.30

4. Check all that apply: Which items would you include in a weekly household budget?

Groceries

Movie snacks bought once a year

Electricity bill

Birthday present savings

✏️ Part 2: Short Answers & Multi-Step Problems

WALT: solve multi-step money problems and show working clearly.

5. Grocery shopping: Apples are $4.50 per kg. Bananas are $2.80 per kg. You buy 3 kg of apples and 2 kg of bananas. You pay with a $30 note. (a) What is the total cost? (b) How much change should you get?

6. Saving for a trip: Sarah saves $25 each week. She needs $1,500. (a) How many full weeks does she need to save to reach at least $1,500? (b) How much will she have after 40 weeks?

7. Unit pricing: A 6-pack of yoghurt contains 6 × 150 g tubs for $5.40. A single 200 g tub costs $1.80. Which is better value per 100 g? Show calculations.

8. Commuting costs: One single train trip costs $3.40. A weekly pass costs $28. You travel to and from work (2 trips) each weekday for 4 weeks. Which option is cheaper for that 4-week period? Show working.

9. Simple interest: You put $1,000 in an account that pays 3% simple interest per year for 3 years. (a) How much interest will you earn in total? (b) What will be the final balance?