Finance · Guided Practice
Budgeting and Best Deals
11 questions with answers and video solutions. Try each one before revealing the answer.
Calculate how much is left each week.
Answer
Calculate the profit made.
Answer
Calculate the number of weeks it will take her to save enough.
Answer
Shop A: pens for
Shop B: pens for
Determine which shop gives the better value. Use your working to justify your answer.
Answer
Shop B: per pen
Shop B gives the better value.
A g pack costs
A g pack costs
Determine which pack is better value per g. Use your working to justify your answer.
Answer
g pack: per g
The g pack is better value.
She sells crates at each.
The remaining crates spoil and are thrown away.
Calculate her overall profit or loss.
Answer
Ian buys a new sofa.
The original price was £700.
The shop is having a sale with 25% off the price of all sofas.
When he goes to the shop he finds there is an additional 5% off the sale price.
Calculate the price Ian pays for his sofa.
Answer
£498.75
Kenny buys a new fridge.
The original price of the fridge was £650.
A shop is having a sale with 20% off the price of all fridges.
When Kenny goes to the shop, he finds there is an additional 2.5% off the sale price.
Calculate the price Kenny pays for the fridge.
Answer
£507
Laura makes and sells fruit smoothies.
She intends to buy kiwi fruit in bulk.
She considers the following two options:
- Option 1: 35 kiwi fruit for £5.95
- Option 2: 45 kiwi fruit for £8.10
Determine which option offers the best value for money. Use your working to justify your answer.
Answer
Option 1
(b) Rab wanted to lay tiles on the hallway floor.
He needs 36 boxes of tiles.
He looked at three different shops before buying the tiles.
| Shop A | Shop B | Shop C |
|---|---|---|
| £26 per box | £32 per box | £22 per box |
| Special offer: Buy 2 boxes and get a third box half price | Special offer: 30% discount on total price when 20 or more boxes are purchased |
Determine the lowest price for buying 36 boxes of tiles.
Use your working to justify your answer.
Answer
Shop A cost: 36 boxes = 12 sets of 3. Each set = 26 + 26 + 13 = £65. Total =
Shop B cost:
Shop C cost:
Lowest price is £780 at Shop A.
Laura is buying a picture.
She looks on 3 websites to find the best deal.
| Website A | Website B | Website C |
|---|---|---|
| Picture £21.50 Postage £3.49 |
Picture £35 Offer: 30% off all pictures Postage Free |
Picture £30 Offer: off all pictures Postage £2.80 |
Determine the website which offers the best deal to buy the picture and get it posted to Laura.
Use your working to justify your answer.
Answer
Website B