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

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Shawn Mathews
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$Write the following percentages as simple fractions :- 50% 25% (c) 75% (d) 10% (e) 20% (f) 5% (g) 33 1 3 % (h) 70% (i) 1%$ (j) 66 2 3 % 2.

of 130 (f) 5% of 70 (g) 33 1 3 % of 120 (h) 1% of 9 (i) 30% of 60p (j) 90% of 20 (k) 75% of 80 (l) 66 2 3 % of 90 p 3.

Calculate the sale price of the computer. 4. Last year my work gave me a bonus of 400.

1 Money B Homework Chapter 15 Exercise 1 1. Write the following percentages as simple fractions :- 50% 25% (c) 75% (d) 10% (e) 20% (f) 5% (g) % (h) 70% (i) 1% (j) % 2. Find the following, preferably WITHOUT a calculator : 50% of % of 1 60 (c) % of 210 (d) 10% of 400 (e) 20% of 130 (f) 5% of 70 (g) % of 120 (h) 1% of 9 (i) 30% of 60p (j) 90% of 20 (k) 75% of 80 (l) % of 90 p 3. A computer is priced at 450. In a sale there is a discount of %. Calculate the discount. 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%. By how had my bonus actually grown? 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? this is Chapter Fifteen page 88

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

He sold it 5 years later for 410. How much of a profit did John make? 5. Billy bought an old motorbike for 75.

Billy then advertised the bike and sold it for 450. How much profit altogether did Billy make?

Calculate my profit. Express this profit as a percentage of the cost price. profit cost price 100 1 2.

Calculate my overall profit. Express this as a percentage of what it cost me altogether for the Mini. 3.

2 3. A man bought a car new for He sold it 2 years later for for 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 edition comic in 1995 for 40. I sold it a year later for 50. Calculate my profit. Express this profit as a percentage of the cost price. profit cost price I bought an old Mini for 500 and spent a further 300 doing it up. I then sold it for Calculate my overall profit. Express this as a percentage of what it cost me altogether for the Mini. 3. In each case here, calculate the (i) profit (ii) percentage profit : A garage bought a car exhaust for 60 and sold it for 72. A hat shop bought a new style hat for 15 and sold it for 21. this is Chapter Fifteen page 89

4. Eric bought a mini Hi-Fi System for 120. He sold it to a friend for 90. How much of a loss did he make? Express this loss as a percentage of the cost price. 5.

A garage bought a Rover from a customer for 3500 and a Mini from another customer for 2500. They sold the Rover for 2900 and the Mini for 3700.

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.

3 4. Eric bought a mini Hi-Fi System for 120. He sold it to a friend for 90. How much of a loss did he make? Express this loss as a percentage of the cost price. 5. In each case here, calculate the (i) loss (ii) percentage loss : I bought a car for 5000 and later sold it for I bought a laptop computer for 800 and later I sold it for A garage bought a Rover from a customer for 3500 and a Mini from another customer for They sold the Rover for 2900 and the Mini for Did he make an overall profit or loss on the combined sale of the 2 cars? How much was his profit or loss? (c) Express this as a percentage of the total cost price of the 2 cars. 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 per month. Calculate how much I paid in total using the Hire Purchase method. (show your three lines of working) How much cheaper would it have been if I had paid cash? Suite The hotel bill for my daughter s wedding came to 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. How much did it cost me altogether on H.P.? How much could I have saved by paying cash? this is Chapter Fifteen page 90

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.

4 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. How much did I pay for the piano altogether using H.P.? How much more was this than the cash price? Cash Price A new bed from the BED SHED costs 475. I buy the bed using their Hire Purchase plan shown. How much EXTRA does this cost me? Explain your answer. deposit payments of 35 Exercise 4 (Use the set of insurance rates shown opposite) 1. Tommy and Rhona s flat is worth How much would it cost each year to insure it with Coverall? 2. John and Alicia s bungalow is valued at 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 How much will it cost each year to insure the contents for that value from Coverall? 4. Malcolm and Lucille are moving abroad for 2 years. They sell their flat and put their furniture, valued at 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 The entire contents of their house are to be insured for a value of How much will it cost each year to insure their house with Coverall? How much will it cost each year to insure the contents? COVERALL Insurance Company Annual Premium Rates Building 2 85 per 1000 Content 4 75 per 1000 (c) They pay the TOTAL insurance premium in 12 monthly payments to Coverall. How much will they pay each month for their insurance? this is Chapter Fifteen page 91

Exercise 5 1. 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)? James insures his life for 30 000.

5 Exercise 5 1. 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)? James insures his life for Calculate his monthly premium. 2. Deborah is 30 years of age. She wants to take out insurance for Calculate her monthly premium if she is a non-smoker. BINGLY AND BOTTOMLY Whole Life (with profits) Age Non- Male Female smoker Smoker MONTHLY PREMIUMS FOR EVERY 1000 INSURED 3. Calculate the monthly premiums due for Whole Life Policies by the following people : Arthur, a smoker, is aged 29. He insures his life for Tanya, a smoker, is aged 37. She insures her life for (c) Nadine, a non-smoker, is aged 17. She insures her life for (d) Brian, a non-smoker, is aged 24. He insures his life for Richardsons & Sons Endowment (with profits) Age 10 years male female Non-smoker Smoker monthly premiums per 1000 insured 4. Steve is aged 25 and a non-smoker. He wishes to take out an Endowment Policy over 10 years with Richardsons. What is Steve s monthly premium for a policy of 1000 (see table opposite)? Now calculate his premium each month for a policy of Jenny is aged 35 and a heavy smoker. She wants to take out an Endowment policy with Richardsons over a period of 10 years. What is her monthly premium per 1000? How much would it cost her each month for a policy of ? this is Chapter Fifteen page 92

Exercise 6 1. Nicki went to Magaluf in Majorca. She changed 500 to euros at Maxi - Exchange. How many euros did she receive? Maxi - Exchange 1 = 1 54 (Europe) 1 = $1 40 (America) 2.

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.

6 Exercise 6 1. Nicki went to Magaluf in Majorca. She changed 500 to euros at Maxi - Exchange. How many euros did she receive? Maxi - Exchange 1 = 1 54 (Europe) 1 = $1 40 (America) 2. Sheena went to Rome at Easter and changed 450 to euros. How many euros did she receive? 3. Change the following : 350 to euros 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 : 385 euros? euros? (c) $105? (d) $490? 7. In this country, a Renault Dauphan car costs In France, the same car costs If I bought the Dauphan in France, how much would the equivalent cost be in s? How much would I have saved in s if I had bought the car in France? this is Chapter Fifteen page 93

Topic 6 Fractions, Decimals and Percentages

Topic 6 Fractions, Decimals and Percentages 1. A school has 1200 pupils. 575 of these pupils are girls. 2 5 of the girls like sport. 5 of the boys like sport. Work out the total number of pupils in the