1.

Michael earns a salary of £24,523.50 per annum (per year). He has now been told that he will receive a 10% increase in his salary. How much will Michael earn per annum after his wage rise? 

[ ] 
£26,975.85 
[ ] 
£25,875.65 
[ ] 
£24,775.35 
[ ] 
£22,071.15 


2.

Tracey’s bank account pays interest of 2% per year on any money in her account. If Tracey has £894 in her account when the interest is calculated, how much will she earn in interest? 

[ ] 
£8.94 
[ ] 
£17.88 
[ ] 
£26.82 
[ ] 
£35.76 


3.

Elsie bought seven Easter eggs, one for each of her grandchildren. Each Easter egg cost the same amount and Elsie got £4.50 in change from a £50 note. How much would one Easter egg have cost? 

[ ] 
£15.50 
[ ] 
£45.50 
[ ] 
£6.50 
[ ] 
£4.50 


4.

Bruce has just arrived in the UK from Australia, and he wants to change his Australian dollars into pounds sterling: the exchange rate is £1 = $1.88. If Bruce changes $1,400, how many pounds sterling will he get? 

[ ] 
£2,632.00 
[ ] 
£1,832.28 
[ ] 
£932.48 
[ ] 
£744.68 


5.

Emily is going on holiday to Brazil next week, so she decides to change £800 into Brazilian Reals (R$). If £1 = R$5.32, how many Brazilian Reals will Emily get? 

[ ] 
R$4,256 
[ ] 
R$2,256 
[ ] 
R$1,256 
[ ] 
R$150 


6.

Stephen has put £10,000 into a savings account. At the end of the year he is paid interest and his balance increases to £10,250. What rate of interest did Stephen’s bank pay? 

[ ] 
0.25% 
[ ] 
2.5% 
[ ] 
25% 
[ ] 
250% 


7.

It costs a factory £20,000 to build one car. If the factory wants to make a 200% profit on the sale of the car, how much must it sell it for? 

[ ] 
£20,000 
[ ] 
£40,000 
[ ] 
£60,000 
[ ] 
£80,000 


8.

A clothes shop is selling last season’s stock with a 60% discount. If a dress now costs £46.80, how much was it before the discount? 

[ ] 
£28.08 
[ ] 
£44.58 
[ ] 
£62.58 
[ ] 
£78.00 


9.

Lisa has just arrived in India from the UK, and she wants to change her pounds sterling into Indian Rupees (₹): the exchange rate is £1 = ₹91.6. If Lisa changes £2,500, how many Indian Rupees will she get? 

[ ] 
₹22.90 
[ ] 
₹2,290 
[ ] 
₹22,900 
[ ] 
₹229,000 


10.

Lucy inherited 25% of her grandfather's business. If the business is worth £1,325,000, what is the value of Lucy’s inheritance? 

[ ] 
£993,750 
[ ] 
£662,500 
[ ] 
£331,250 
[ ] 
£325,000 

