1.

Which one of the following calculations is correct? 

[ ] 
£2,700 + £330.00  £11.03 = £3,018.97 
[ ] 
£2,700 + £330.00  £11.03 = £3,041.03 
[ ] 
£2,700 + £330.00  £11.03 = £3,108.97 
[ ] 
£2,700 + £330.00  £11.03 = £3,180.97 


2.

Which one of the following statements is correct? 

[ ] 
If you sell something at twice the price it cost you to buy it, then you make a 50% profit 
[ ] 
If you sell something at twice the price it cost you to buy it, then you make a 100% profit 
[ ] 
If you sell something at twice the price it cost you to buy it, then you make a 200% profit 
[ ] 
If you sell something at twice the price it cost you to buy it, then you make a 400% profit 


3.

Which one of the following statements is correct? 

[ ] 
If there is a 12.5% discount on the sale/cost price, it means that the sale/cost price has been reduced by one twelfth 
[ ] 
If there is a 12.5% discount on the sale/cost price, it means that the sale/cost price has been reduced by one sixteenth 
[ ] 
If there is a 12.5% discount on the sale/cost price, it means that the sale/cost price has been reduced by one eighth 
[ ] 
If there is a 12.5% discount on the sale/cost price, it means that the sale/cost price has been reduced by one sixth 


4.

Which one of the following statements is correct? 

[ ] 
If £1 = $1.7, then £350 = $205.88 
[ ] 
If £1 = $1.7, then £350 = $335.59 
[ ] 
If £1 = $1.7, then £350 = $541.47 
[ ] 
If £1 = $1.7, then £350 = $595.00 


5.

Which one of the following statements is correct? 

[ ] 
If £1 = €1.2, then €1,800 = £1,500 
[ ] 
If £1 = €1.2, then €1,800 = £1,720 
[ ] 
If £1 = €1.2, then €1,800 = £1,940 
[ ] 
If £1 = €1.2, then €1,800 = £2,160 


6.

Which one of the following statements is correct? 

[ ] 
If you buy something for £2.50 and sell it for £17.50, you have sold it for 7,000% more than it cost you to buy 
[ ] 
If you buy something for £2.50 and sell it for £17.50, you have sold it for 700% more than it cost you to buy 
[ ] 
If you buy something for £2.50 and sell it for £17.50, you have sold it for 600% more than it cost you to buy 
[ ] 
If you buy something for £2.50 and sell it for £17.50, you have sold it for 500% more than it cost you to buy 


7.

Which one of the following statements is correct? 

[ ] 
There are two hundred 5 p coins in £1,000 
[ ] 
There are two thousand 5 p coins in £1,000 
[ ] 
There are twenty thousand 5 p coins in £1,000 
[ ] 
There are two hundred thousand 5 p coins in £1,000 


8.

Which one of the following statements is correct? 

[ ] 
If you owe £12,500 and pay back £2,000, you have paid back 12% of what you owed 
[ ] 
If you owe £12,500 and pay back £2,000, you have paid back 18% of what you owed 
[ ] 
If you owe £12,500 and pay back £2,000, you have paid back 10% of what you owed 
[ ] 
If you owe £12,500 and pay back £2,000, you have paid back 16% of what you owed 


9.

Which one of the following statements is correct? 

[ ] 
If you buy something for £100 and later sell it at £75, you have made a profit of 25% 
[ ] 
If you buy something for £100 and later sell it at £75, you have made a loss of 25% 
[ ] 
If you buy something for £100 and later sell it at £75, you have made a profit of 75% 
[ ] 
If you buy something for £100 and later sell it at £75, you have made a loss of 75% 


10.

Which one of the following statements is correct? 

[ ] 
If 45% of £35,000 profit was spent on investments and the rest went to shareholders, the shareholders received £15,750 
[ ] 
If 45% of £35,000 profit was spent on investments and the rest went to shareholders, the shareholders received £16,916 
[ ] 
If 45% of £35,000 profit was spent on investments and the rest went to shareholders, the shareholders received £18,082 
[ ] 
If 45% of £35,000 profit was spent on investments and the rest went to shareholders, the shareholders received £19,250 

