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Financial Literacy Word Problems

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Financial Literacy Word Problems

Read each problem carefully. Show your working for written questions. Use dollars and cents where needed.

Choose the best answer

Circle one option for each question.

1.Ari has $60. He buys a book for $23.50 and a snack for $8.20. How much money remains?
  • $28.30
  • $28.50
  • $31.70
  • $35.80
2.A jacket has an original price of $80 and a discount of 15%. What is its sale price?
  • $12
  • $65
  • $68
  • $72
3.A community event sells 145 tickets for $4 each. How much money is collected from ticket sales?
  • $580
  • $560
  • $540
  • $600
4.A 6-pack of pens costs $7.50. A 10-pack of the same pens costs $12.00. Which pack costs less per pen?
  • The 6-pack
  • The 10-pack
  • They cost the same per pen
  • There is not enough information

Solve and show your working

Write your calculations and include units in your answers.

5.Tevita receives $150 each month and puts 28% of it into savings. How much does he save each month? How many full months will it take him to save at least $250 if he starts with no savings?
6.Leilani deposits $600 into an account earning 4% simple interest per year. How much interest will she earn in 3 years, and what will the account balance be then?
7.A family has a weekly food budget of $180. They spend $46.80 at the market, $72.35 at the supermarket and $18.90 at the bakery. How much of the budget is left?
8.A 2 kg bag of rice costs $6.40. What is the cost per kilogram?
9.A group of friends shares a $58.80 taxi fare equally between 4 people. How much does each person pay?
10.A bookshop charges $3.50 for each notebook. Hana buys 7 notebooks and pays with a $30 note. How much change should she receive?

2 printable pages

  • Financial Literacy Word Problems, page 1 of 2: Choose the best answer, Solve and show your working

    Page 1

  • Financial Literacy Word Problems, page 2 of 2: 6. Leilani deposits $600 into an account earning 4% simple interest per year. How much…

    Page 2

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