Practice
Finance, Pay and Money practice
Practise finance, pay and money at your own pace. Choose a difficulty, try each question on paper or in your jotter, use hints only when you need a start, then show answers to check your work.
Build your confidence
Choose a difficulty and practice length, write down your working, then reveal answers only when you are ready to check. Hints give a starting point without giving away the answer.
Practice set
Current set: Mixed. Show your method for each question before checking answers.
1. A salary slip shows gross pay £350.00, income tax £60.00, National Insurance £60.00 and pension £40.00. Calculate net pay.
Simplified salary slip
Item Amount Gross pay £350.00 Income tax £60.00 National Insurance £60.00 Pension £40.00 Net pay ? 2. A meal bill is £60.00. A 10% service charge is added, then the bill is shared by 4 people. How much does each person pay?
3. A weekly budget has £290.00 income, £60.00 rent, £60.00 food, and £60.00 travel. How much is left?
4. A worker is paid £11.00 per hour for 30 hours. Calculate the basic pay.
5. Gross pay is £570.00. A simplified deduction rate of 5% is supplied. Calculate the deduction.
6. Two borrowing options both provide £800.00. Option A repays £960.00 in total and Option B repays £950.00 in total. Which is cheaper, and by how much?
7. Compare all three packs using both price and quantity. Which is the best value?
Pack comparison
Pack Quantity Price Pack A 4 £5.60 Pack B 6 £6.60 Pack C 10 £12.50 8. An exchange provider charges a £5.00 fee, then uses £1.00 = €1.20. How many euros are received for £150.00?
9. A credit agreement requires 12 monthly payments of £290.00 and a £40.00 setup fee. Calculate the total repayment.
10. One item costs £40.00. What is the cost of 3 items?
Practice answers
Check your work when you are ready.