money b homework chapter 15 - spes unica · 2016-12-14 · i then sold it for £1040. (a) calculate...

©TeeJay Publishers General Homework for Book 3G Ch 15 - Money B

this is Chapter Fifteen page 88

Exercise 1

1. Write the following percentages as simple fractions :-

(a) 50% (b) 25% (c) 75% (d) 10% (e) 20%

(f) 5% (g) 33

€

13 % (h) 70% (i) 1% (j) 66

€

23 %

2. Find the following, preferably WITHOUT a calculator :–

(a) 50% of £120 (b) 25% of £1·60 (c) 33

€

13 % of £210

(d) 10% of £400 (e) 20% of £130 (f) 5% of £70

(g) 33

€

13 % of £120 (h) 1% of £9 (i) 30% of 60p

(j) 90% of £20 (k) 75% of £80 (l) 66

€

23 % of 90 p

3. A computer is priced at £450.In a sale there is a discount of 33

€

13 %.

(a) Calculate the discount.

(b) Calculate the sale price of the computer.

4. Last year my work gave me a bonus of £400.

This year my bonus was increased by 20%.

(a) By how had my bonus actually grown ?

(b) What is my new bonus for this year ?

Exercise 2

1. I bought a exercise bike for £175. I sold it 3 months later for £99.

How much of a loss did I make ?

2. I bought a new pram in 1996 for £225 I sold it 3 years later to a friend for £50.

How much of a loss did I make ?

Money B HomeworkChapter 15



3. A man bought a car new for £10800.He sold it 2 years later for for £7550.

How much of a loss did he make ?

4. John bought a violin for his daughter for £275.He sold it 5 years later for £410.

How much of a profit did John make ?

5. Billy bought an old motorbike for £75.He spent £115 doing it up and a further £44 on new tyres.Billy then advertised the bike and sold it for £450.

How much profit altogether did Billy make ?

Exercise 2E

1. I bought a “Spiderman” first editioncomic in 1995 for £40.

I sold it a year later for £50.

(a) Calculate my profit.

(b) Express this profit as apercentage of the cost price.

2. I bought an old Mini for £500 and spent a further£300 “doing it up”.

I then sold it for £1040.

(a) Calculate my overall profit.

(b) Express this as a percentage of what it costme altogether for the Mini.

3. In each case here, calculate the (i) profit (ii) percentage profit :–

(a) A garage bought a car exhaust for £60 and sold it for £72.

(b) A hat shop bought a new style hat for £15 and sold it for £21.

€

profit

cost price ×

100

1



Exercise 3

(Show all your working and set each question down carefully)

1. I bought a new bathroom suite from Turnballs.

I paid a deposit of £60.

This was followed by 12 monthly payments of £45·50 per month.

(a) Calculate how much I paid in total usingthe Hire Purchase method. (show your three lines of working)

(b) How much cheaper would it have been if I had paid cash ?

2. The hotel bill for my daughter’s wedding came to £5500.

The hotel allowed me to pay it up using a Hire Purchase agreement.

I paid a deposit of £1000 and agreed to pay 36 monthly payments of £145.

(a) How much did it cost me altogether on H.P. ?

(b) How much could I have saved by paying cash ?

Suite£550

4. Eric bought a mini Hi-Fi System for £120.

He sold it to a friend for £90.

(a) How much of a loss did he make ?

(b) Express this loss as a percentage of the cost price.

5. In each case here, calculate the (i) loss (ii) percentage loss :–

(a) I bought a car for £5000 and later sold it for £3500.

(b) I bought a laptop computer for £800 and later I sold it for £320.

6. A garage bought a Rover from a customer for £3500 and a Mini from anothercustomer for £2500.

They sold the Rover for £2900 and the Mini for £3700.

(a) Did he make an “overall” profit or loss on the combined sale of the 2 cars ?

(b) How much was his profit or loss ?

(c) Express this as a percentage of the total cost price of the 2 cars.



3. I bought a new baby grande piano from Biggars.

I took out a Hire Purchase agreement.

The deposit was 15% of the cash price.

I then made 18 monthly payments of £165 each.

(a) How much did I pay for the piano altogether using H.P. ?

(b) How much more was this than the cash price ?

4. A new bed from the “BED SHED” costs £475.

I buy the bed using their Hire Purchase plan shown.

(a) How much EXTRA does this cost me ?

(b) Explain your answer.

Exercise 4

(Use the set of insurance rates shown opposite)

1. Tommy and Rhona’s flat is worth £58 000.

How much would it cost each year to insure it with Coverall ?

2. John and Alicia’s bungalow is valued at £85000.

How much would it cost each year to insure it with Coverall ?

3. Brian tallied up the value of the contents of his house and it came to a total of £8000. How much will it cost each year to insure the contents for that valuefrom Coverall ?

4. Malcolm and Lucille are moving abroad for 2 years. They sell their flat and put their furniture, valued at £14000 into storage. How much will it cost them to insure their furniture with Coverall each year ?.

5. Ted and Norma live in a detached villa valued at £180000.The entire contents of their house are to be insured for a value of £40000.

(a) How much will it cost each year to insure their house with Coverall ?

(b) How much will it cost each year to insure the contents ?

(c) They pay the TOTAL insurance premium in 12 monthly payments to Coverall.How much will they pay each month for their insurance ?

Cash Price£3200

deposit - £55+ 12 payments of £35

COVERALLInsurance CompanyAnnual Premium Rates

Building – £2·85 per £1000Content – £4·75 per £1000



Exercise 5

1. (a) How much would it cost each month for James, aged 26 and a non-smoker, to insure his life for £1000 with Bingly & Bottomly (see table) ?

(b) James insures his life for £30 000.

Calculate his monthly premium.

2. Deborah is 30 years of age. She wants to take out insurance for £50 000.

Calculate her monthly premium if she is a non-smoker.

3. Calculate the monthly premiums due for Whole Life Policies by the following people :–

(a) Arthur, a smoker, is aged 29. He insures his life for £20 000.

(b) Tanya, a smoker, is aged 37. She insures her life for £40 000.

(c) Nadine, a non-smoker, is aged 17. She insures her life for £15 000.

(d) Brian, a non-smoker, is aged 24. He insures his life for £35 000

4. Steve is aged 25 and a non-smoker.He wishes to take out an Endowment Policy over 10 years with Richardsons.

(a) What is Steve’s monthly premium for a policy of £1000 (see table opposite) ?

(b) Now calculate his premium each month for a policy of £20 000.

5. Jenny is aged 35 and a heavy smoker. She wants to take out an Endowment policy with Richardsons over a period of 10 years.

(a) What is her monthly premium per £1000 ?

(b) How much would it cost her each month for a policy of £35 000 ?

Non- Male Female smoker Smoker16-24 16-31 £1·10 £2·30 25 32 £1·90 £2·35 26 33 £1·95 £2·45 27 34 £1·95 £2·55 28 35 £2·00 £2·70 29 36 £2·05 £2·80 30 37 £2·10 £2·90 31 38 £2·20 £3·00

Age

Whole Life (with profits)BINGLY AND BOTTOMLY

MONTHLY PREMIUMS FOR EVERY £1000 INSURED

Age 10 years male female Non-smoker Smoker16-24 16-31 £8·65 £10·29 25 32 £8·66 £10·30 26 33 £8·67 £10·31 27 34 £8·68 £10·32 28 35 £8·68 £10·33 29 36 £8·69 £10·34 30 37 £8·70 £10·34 31 38 £8·71 £10·35

Endowment (with profits)Richardsons & Sons

monthly premiums per £1000 insured



Exercise 6

1. Nicki went to Magaluf in Majorca.She changed £500 to euros at Maxi - Exchange.

How many euros did she receive ?

2. Sheena went to Rome at Easter and changed £450 to euros.How many euros did she receive ?

3. Change the following :–

(a) £350 to euros (b) £50 to euros

(c) £650 to dollars (d) £1200 to dollars

4. Pierre came over here from France to sell onions. He had 462 euros.How much would he get by changing them to £’s ?

5. Andrew returns home from Florida with $168.How much will he get if he changes it back to £’s ?

6. How much would be given when the following amounts were exchanged back into £’s :–

(a) 385 euros ? (b) 19·25 euros ?

(c) $105 ? (d) $490 ?

7. In this country, a Renault Dauphan car costs £12500.In France, the same car costs 16170€ .

(a) If I bought the Dauphan in France, how much would the equivalent cost be in £’s ?

(b) How much would I have saved in £’s if I had bought the car in France ?

Maxi - Exchange

£1 = 1·54€ (Europe)

£1 = $1·40 (America)

money b homework chapter 15 - spes unica · 2016-12-14 · i then sold it for £1040. (a) calculate...

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