Financial Problem Solving

3 books at $8 each = $___

5 drinks at $4 each = $___

2 pizzas at $12.50 each = $___

4 movie tickets at $16 each = $___

You buy 3 pens at $2.50 each. Total: $___. Change from $20: $___

You buy 2 sandwiches at $6 each and a drink for $3. Total: $___. Change from $20: $___

You earn $15 per week pocket money. How many weeks to save $200?

You have $85 saved. You earn $12 each week. How much will you have after 5 weeks?

A game costs $79. You have $34 and earn $9 per week. How many weeks until you can buy it?

You want to buy a skateboard for $120. You save $8 per week. After 10 weeks, how much more do you need?

Your birthday is in 6 weeks. You get $20 from relatives and save $5 per week. How much will you have?

If you save 1/3, how much do you save? $___

If you spend $8 on snacks and $5 on activities, how much is left? $___

If you save $10 per week, how much after 8 weeks? $___

Plan your $30: Savings $___ Snacks $___ Fun $___ Other $___

A shirt costs $40. It is 25% off. Discount: $___. Sale price: $___

Shoes cost $80. They are 10% off. Discount: $___. Sale price: $___

A bag costs $60. It is 50% off. Discount: $___. Sale price: $___

Trainers cost $120. They are 25% off. Discount: $___. Sale price: $___

A tablet costs $300. It is 20% off. Discount: $___. Sale price: $___

A jacket was $90 but is now $63. What percentage discount is that?

Shop A: $60 shoes with 25% off. Shop B: same shoes for $48. Which is cheaper?

Shop A: 3 shirts for $45. Shop B: shirts at $14 each. Where is it cheaper to buy 3?

Balloons cost $4 per pack of 10. Cups cost $3 per pack of 8. Plates cost $5 per pack of 12. How much for 40 balloons, 24 cups and 36 plates?

You spend $67 on food and decorations. If 8 friends each contribute $5, will you have enough? How much extra or short are you?

Pizza costs $12 each and you need 5. Juice packs cost $4 each and you need 6. How much for food?

After buying food for $84, you want to buy a cake for $25. How much more money do you need?

You mow lawns for $15 each and walk dogs for $8 each. You mow 3 lawns and walk 4 dogs. How much do you earn?

You earn $77. You spend $35 on a present and save the rest. What percentage did you save?

Flights cost $350 per person for a family of 4. What is the flight cost?

Hotel costs $180 per night for 5 nights. What is the hotel cost?

Food budget: $50 per day for 5 days. What is the food cost?

Total holiday cost: $___. If the family saves $500 per month, how many months to save enough?

You sell cupcakes for $2 each. It costs $0.50 to make each one. If you sell 100, what is your profit?

Your goal is $500. You have raised $320. If each sausage sizzle raises $90, how many more do you need?

Write a word problem about saving money for something. Then solve it.

Write a word problem about comparing prices at two shops. Then solve it.

You pay $10 for something costing $7.50. Change: ___

You pay $20 for something costing $13.75. Change: ___

You pay $50 for something costing $38.90. Change: ___

You pay $5 for something costing $3.25. Change: ___

You pay $100 for goods costing $67.45. Change: ___

You buy 3 items at $4.50 each and pay with $20. Change: ___

You buy something for $8.80 and pay with $10. What coins would you get as change?

3 notebooks at $2.50 each: ___

5 apples at $0.80 each: ___

2 books at $12.95 each: ___

4 drinks at $3.50 each: ___

6 pens at $1.75 each: ___

8 oranges at $0.65 each: ___

You buy a shirt for $25 and jeans for $45. Total: ___. Change from $100: ___

A $40 shirt is 25% off. Discount: ___. Sale price: ___

A $80 game is 50% off. Sale price: ___

A $120 bike is 10% off. Discount: ___. Sale price: ___

A $60 toy is 1/3 off. Discount: ___. Sale price: ___

10% off $250: ___. 20% off $250: ___. 50% off $250: ___

Everything is 25% off. Original price $48. Sale price: ___

A $90 pair of shoes has $15 off. What percentage discount is that? (Round to nearest %)

You save $5 per week. How much after 8 weeks? ___. After 12 weeks? ___

You want to buy a $60 game. You save $4 per week. How many weeks? ___

You have $25 and save $3.50 per week. How much after 6 weeks? ___

You earn $15 pocket money. You save 1/3 and spend 2/3. How much saved per week? ___

After 10 weeks of saving $8, you spend $35 on a present. How much left? ___

Two friends: Ali saves $6/week, Ben saves $4/week. After 10 weeks, how much more has Ali saved?

You have $50 for a party. Food: $22, decorations: $15, drinks: $8. Total: ___. Money left: ___

You have $100 for birthday presents for 4 friends. If you spend equally, each gift costs: ___

Plan how to spend $200 on school supplies. List items and costs, keeping within budget.

A family spends $150/week on groceries. How much per year (52 weeks)? ___

Electricity costs $280 per quarter. What is the annual cost? Monthly cost?

A holiday costs $2,400. If a family saves $200/month, how many months to save enough?

An item costs $50 before GST. GST = ___. Total price with GST = ___

An item costs $110 including GST. What was the price before GST? ___

Why is it useful to understand GST when comparing prices?

You buy a book for $8 and sell it for $12. Profit: ___

You buy 10 cupcakes at 50c each and sell them for $1 each. Total cost: ___. Total income: ___. Profit: ___

A lemonade stand costs $15 to set up. You sell 40 cups at $0.50 each. Income: ___. Profit or loss? ___

You save $100 at 5% per year. Interest after 1 year: ___ Total after 1 year: ___

Interest after 2 years: ___ Total after 2 years: ___

Why is it good to save money in a bank?

Items: hat $15, water bottle $12, sunscreen $8, snack pack $9, book $11, notebook $7, t-shirt $19. List what you would buy:

Total cost: ___. Change from $80: ___

What did you prioritise? Why?

Bread: 600 g for $3.60. Price per 100 g: ___

Juice: 2 L for $3.20. Price per 100 mL: ___

Cereal: 700 g for $5.60. Price per 100 g: ___

Which is better value: 500 g for $4.50 or 800 g for $6.80?

Opening balance: $234.50. Deposit: $50.00. Withdrawal: $37.80. Final balance: ___

If you deposit $25/week for 8 weeks starting with $0, your balance after 8 weeks: ___

Why is it important to keep track of your bank balance?

They plan to sell cupcakes for $2 each. How many must they sell? ___

Ingredients cost $60. New target to cover costs and raise $500: ___. Cupcakes needed: ___

Is the goal reasonable? What else could they do?

An item is priced at 3 for $5.00. What is the price each? ___

Buy 2 get 1 free: if each costs $4.50, how much for 3 items? ___. What is the saving? ___

Is '3 for $9' or '2 for $5.50' better value? Show working:

If you earn $12 per hour and work 3 hours on Saturday, weekly earnings: ___

You spend: transport $3.50, lunch $8.00, phone credit $5. Money left: ___

If you want to save $100 in 10 weeks, how much must you save per week? ___

Flights: $450 per person × 4 = ___. Accommodation: $180/night × 5 = ___.

Food budget: $120/day × 5 = ___. Activities: $300. Total: ___

If the budget is $3,500, are you over or under? By how much?

An item normally costs $85. First a 20% discount, then a further 10% off the reduced price. Final price: ___

Is this the same as a 30% total discount? Why not? ___

Shampoo A: 300 mL for $4.80. Price per 100 mL: ___. Shampoo B: 500 mL for $7.50. Price per 100 mL: ___. Better value: ___

A 2 kg bag of oats costs $5.60. Price per 100 g: ___

Pre-GST price: $45. GST = ___. Total: ___

GST-inclusive price: $132. Pre-GST: ___. GST component: ___

A restaurant bill is $86.90 including GST. How much is the GST?

You sell lemonade at $1.50 per cup. Costs: lemons $4, sugar $2, cups $3. Break-even at how many cups sold? ___

If you sell 20 cups, profit = ___. If you sell 35 cups, profit = ___

How could you increase profit without raising the price?

A part-time worker earns $18.50/hour. For 12 hours of work: ___

Annual salary of $52,000 — weekly wage: ___. Daily (5-day week): ___

Tax of 20% is deducted from $450. Take-home pay: ___

Save $5 per week. Goal: $75. Weeks needed: ___

Save $12 per week. Goal: $240. Weeks needed: ___

Save $8 per week. Goal: $200. Weeks needed: ___ (show working)

You want to save $500 in 20 weeks. How much per week? ___

You earn $15 per week and spend $6. How many weeks to save $90?

Design a 10-week saving plan to save $100. Show each week's balance.

A book costs $12.95. You buy 4. Total: ___

School shoes cost $79.95. They are 20% off. Sale price: ___

You buy 3 items at $8.50, $12.25 and $5.75. Total: ___. Change from $30: ___

Interest rate 5% per year. You save $200. Interest after 1 year: ___. Total: ___

You borrow $100 at 10% interest. After 1 year you owe: ___

Why is earning interest good but paying interest sometimes bad?

A laptop costs $800 before GST. Price with GST: ___

A meal costs $44 including GST. Price before GST: ___

You buy 5 items: $10, $25, $40, $15, $50. Total before GST: ___. Total with GST: ___

A market stall buys 100 shirts for $8 each and sells for $15 each. Profit: ___

A bake sale raises $87 but costs $45 to run. Profit or loss? Amount: ___

How many items at $5 profit each are needed to cover costs of $150?

You sell cookies for $2 each. Each costs 80c to make. How many do you need to sell to make $50 profit?

Draw a simple income/expense table for your fundraiser.

Write a problem involving income, expenses and profit. Solve it.

Write a problem involving a savings goal. Solve it.