Financial Problems & Percentages
Calculate the Discount
Find how much you save and the sale price.
A $40 shirt is 25% off. Discount = $___ . Sale price = $___ .
A $60 game is 10% off. Discount = $___ . Sale price = $___ .
A $80 pair of shoes is 50% off. Discount = $___ . Sale price = $___ .
More Discount Calculations
Find the discount and sale price for each item.
A $120 jacket is 30% off. Discount = $___ . Sale price = $___ .
A $25 book is 20% off. Discount = $___ . Sale price = $___ .
A $90 backpack is 15% off. Discount = $___ . Sale price = $___ .
Best Buy
Circle the better deal.
Which saves more on a $100 item?
Which saves more on a $50 item?
Which saves more on a $80 item?
Which saves more on a $200 item?
More Best Buys
Circle the better deal.
Which is cheaper for a $60 item?
Which saves more on $150?
Which is cheaper for $40?
Which is cheaper for $250?
Match Discount to Saving
Draw a line to match each discount to the amount saved.
Calculate Change
Work out the change from each purchase.
You buy items totalling $23.50 and pay with $30. Change = $___
You buy items totalling $47.85 and pay with $50. Change = $___
You buy items totalling $8.75 and pay with $20. Change = $___
You buy items totalling $156.30 and pay with $200. Change = $___
GST Calculations (10%)
In Australia, GST is 10%. Find the GST and total price.
Item costs $45. GST = $___ . Total = $___ .
Item costs $120. GST = $___ . Total = $___ .
Item costs $85. GST = $___ . Total = $___ .
Item costs $250. GST = $___ . Total = $___ .
More GST Problems
Calculate the GST (10%) and total for each item.
Item costs $32. GST = $___ . Total = $___ .
Item costs $175. GST = $___ . Total = $___ .
Item costs $68.50. GST = $___ . Total = $___ .
Item costs $499. GST = $___ . Total = $___ .
GST Quick Check
Circle the correct total price including 10% GST.
Item: $50 + GST = ?
Item: $200 + GST = ?
Item: $35 + GST = ?
Item: $99 + GST = ?
Match the Problem to the Answer
Draw a line to match each problem to its answer.
Profit and Loss
Calculate the profit or loss for each situation.
Bought for $15, sold for $22. Profit = $___
Bought for $50, sold for $35. Loss = $___
Bought for $8, sold for $12. Profit as a percentage of cost = ___%
Bought for $100, sold at 30% profit. Selling price = $___
Real-World Money Problems
Solve each problem. Show your working.
You save 20% of your $35 pocket money each week. How much do you save in 4 weeks?
A bike costs $250. It is on sale for 30% off. How much do you pay?
You earn $12.50 per hour. You work for 6 hours. How much do you earn before and after 10% tax?
More Money Problems
Solve each problem. Show your working.
A family's electricity bill is $180. They reduce usage by 15%. What is the new bill?
You buy a $24 item with 10% GST added, then get a 25% discount on the total. What do you pay?
You have $50 to spend. You buy 3 items at $12.50 each. How much is left?
Budget Challenge
Plan a budget for the scenario described.
You have $200 for a party. Allocate: Food 40%, Decorations 25%, Activities 35%. How much for each?
If food ends up costing 10% more than budgeted, how much extra do you need?
Financial Reasoning
Circle the correct answer.
A $100 item goes up 10%, then the new price drops 10%. Final price?
Which is more: 20% of $60 or 15% of $80?
You save $15 on a $75 item. What percentage discount is that?
An item costs $44 including 10% GST. What was the price before GST?
Home Activity: Budget Planner
Practise money skills at home!
- 1Look at a shop catalogue. Pick 3 items and calculate a 20% discount on each.
- 2Plan a pretend birthday party with a $100 budget. How would you split the money between food (40%), decorations (25%) and activities (35%)?
- 3Check a restaurant menu. If you add a 10% tip, what would a meal cost?
- 4Compare two shops selling the same item at different discounts. Which is cheaper?
- 5Calculate GST on 5 items from a catalogue and find the total cost including GST.
Simple Interest
Calculate simple interest (I = P × r × t).
Principal $500, rate 4% per year, time 2 years. Interest = $___. Total = $___
Principal $1,000, rate 5% per year, time 3 years. Interest = $___. Total = $___
Principal $800, rate 2.5% per year, time 4 years. Interest = $___
Wages and Rates of Pay
Calculate each wage problem.
Pay rate: $18.50/hr. Hours: 12. Total pay: $___
Weekend rate: 1.5 times normal $16/hr. Rate on weekend: $___. 5 hr weekend: $___
Annual salary $54,600. Monthly salary = $___. Weekly = $___
Sort Financial Terms
Sort each term into the correct category.
Budget Planning
Plan a budget for each scenario.
Weekly income: $40. Expenses: save 30%, entertainment 25%, food 35%, travel 10%. Savings: $___. Entertainment: $___. Food: $___. Travel: $___
Is this budget realistic? Explain: ___
Best Financial Decision
Circle the best financial decision in each scenario.
Buy now ($120) vs layby at $20/week for 7 weeks:
Save $30/week for 6 months or get a $700 loan at 10% interest:
Spend $8 daily or $50 weekly on lunch:
Match Financial Term to Definition
Draw a line to match each term to its definition.
Value for Money Comparisons
Calculate the unit price and circle the better value.
500 g for $3.50 vs 750 g for $5.10. Better value: ___
12 pens for $4.80 vs 8 pens for $3.40. Better value: ___
2 L juice for $3.60 vs 3 L for $5.25. Better value: ___
Ratio and Finance
Solve these finance problems using ratios.
Profit is split in ratio 2:3 between two partners. Total profit $750. Each gets: $___
Ingredients cost and labour cost are in ratio 3:1. Total cost $200. Ingredient cost: $___
Percentage Profit and Loss
Calculate percentage profit or loss.
Bought for $25, sold for $30. Profit: $___. Percentage profit: ___% of cost
Bought for $60, sold for $45. Loss: $___. Percentage loss: ___% of cost
Bought for $150, 20% profit. Selling price: $___
Monthly Savings
The graph shows how much a student saved each month (each star = $5). Answer the questions.
| January | |
| February | |
| March | |
| April | |
| May |
Total saved over 5 months: $___
Mean monthly savings: $___
In which month did savings increase most? By how much?
Weekly Spending Categories
Record weekly spending in each category.
| Item | Tally | Total |
|---|---|---|
Food | ||
Entertainment | ||
Transport | ||
Savings | ||
Clothing |
GST Reverse Calculation
Work out the pre-GST price from the GST-inclusive price.
Total with 10% GST = $88. Pre-GST price = $___
Total with 10% GST = $132. Pre-GST price = $___
Total with 10% GST = $27.50. Pre-GST price = $___
Earning Goals
Calculate how long to reach a savings goal.
Saving $15/week. Goal: $180. Weeks needed: ___
Saving $25/week. Goal: $400. Weeks needed: ___
Saving $30/week. Goal: $720. Weeks needed: ___. Months (4 wk/month): ___
Compound Interest Introduction
Calculate compound interest (interest added to the total each year).
Year 1: $100 at 10% = $___. Year 2: that total at 10% = $___. Year 3: $___
How much more is this than simple interest of 10% for 3 years? ___
Shopping Math
Solve these everyday shopping problems.
Buy 3 items: $8.40, $12.95, $5.65. Total = $___. 10% discount = $___. Final = $___
Original $75, 20% off, then 10% cashback on sale price. Final price = $___
Interpreting Receipts
Read this receipt and answer the questions. Items: Bread $3.50, Milk $4.20, Cheese $6.80, Fruit $5.50 GST-free items: Bread, Milk, Fruit GST applies to: Cheese
Sub-total before GST: $___. GST on cheese: $___. Total: $___
Change from $25: $___
If the cheese had a 15% discount, new total: $___
True or False: Financial Concepts
Circle TRUE or FALSE.
GST in Australia is 10%
If you earn more than you spend, you have a deficit
Profit = Revenue − Costs
A 30% discount on $100 saves $30
Financial Reasoning
Write a clear explanation for each.
Why is it better to negotiate a lower interest rate than a smaller loan? ___
Design a spending plan for $200 that includes at least 20% savings: ___