Financial Literacy Word Problems

Name:

Date:

📚 Part 1: Multiple Choice

1. Sam has $50. He buys a sandwich for $18 and a drink for $7. How much money does he have left?

$15

$20

$25

$30

2. A toy costs $36 and is marked down by 25%. What is the sale price?

$27

$30

$28

3. The school fundraiser charges $3 per person. If 120 people attend, how much money is raised?

$240

$300

$360

$420

4. Which pack is the best value?

Pack A: 5 chocolate bars for $8.00

Pack B: 8 chocolate bars for $12.00

Pack A

Pack B

They are the same value

Not enough information

✏️ Part 2: Short Answer Word Problems

5. Mia receives $120 pocket money each month. She saves 30% for a new tablet. How much does she save each month? How many full months will she need to save to reach $200?

6. James deposits $400 in a savings account that pays 5% simple interest per year. How much interest does he earn in 2 years? What is the total amount in the account after 2 years?

7. A class survey recorded how many books each student read last term: 2, 3, 5, 4, 3, 2, 6, 4, 3, 5. Find the mean (average), median and mode of the data.

8. A 750 g bag of apples costs $2.70. What is the price per kilogram? Show your working and give the answer to the nearest cent.