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Consumer Arithmetic Part 2 Spending

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Contents

Profit and Loss Discounts Purchasing goods Best Buy Buying on Terms (Hire Purchase)

Selling Price
Selling price = Cost price + Profit Selling price = Cost price - Loss Calculate the selling price: Cost price 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. $55 $90 $93 $47 $78 $61 $49 $96 $57 $84 Profit/Loss Amount Identify $24 Profit $10 $13 $25 $29 $20 $19 $26 $18 $25 Loss Profit Loss Profit Loss Loss Profit Loss Loss Selling price

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Selling Price 2
Selling price = Cost price + Profit Selling price = Cost price - Loss Complete the blanks: Cost price $81 $65 $28 $53 $62 $53 $44 $21 $23 $99 $59 $30 $25 $90 $89 $99 $86 $19 $22 $56
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.

Profit/Loss Amount Identify $25 Profit Loss Loss Profit Profit

Selling price $37 $59

$21 $15 $11

$92 $23 $59

Profit Profit Loss

$69 $95

$26

$86 Profit Loss $118 $62 $61 $13 Profit $75 Profit Loss $51 $76
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Percentage Profit-Loss
Selling price = Cost price + Profit Selling price = Cost price - Loss Find the profit/loss as a percentage of the cost price. Profit/Loss 1. Cost price $120 Selling price $150 Amount
Amount

Identify

Percentage profit or loss on cost price =


Cost Price

100% =

2. Cost price $140

Selling price $210

Amount
Amount

Identify 100% = %

Percentage profit or loss on cost price =


Cost Price

3. Cost price $90

Selling price $72

Amount
Amount

Identify 100% = %

Percentage profit or loss on cost price =


Cost Price

4. Cost price $20

Selling price $22

Amount
Amount

Identify 100% = %

Percentage profit or loss on cost price =


Cost Price

5. Cost price $50

Selling price $40

Amount
Amount

Identify 100% = %

Percentage profit or loss on cost price =


Cost Price

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Percentages to decimals
Convert the percentage to a decimal:
Percentage = Decimal

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

5% = 10% = 15% = 20% = 25% = 50% = 65% = 70% = 80% = 95% = 99% = 100% =

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Discounts 1
Calculate the sale price: 1. Marked price $720 2. Marked price $875 3. Marked price $275 4. Marked price $295 5. Marked price $375 6. Marked price $435 7. Marked price $670 8. Marked price $345 9. Marked price $720 10. Marked price $325 Discount $100 Discount $45 Discount $30 Discount $35 Discount $45 Discount $85 Discount $100 Discount $65 Discount $75 Discount $50
Marked Price Discount Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

Marked Price Discount

=
Sale Price

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Discounts 2
Calculate the discount: 1. Marked price $195 2. Marked price $1,000 3. Marked price $890 4. Marked price $970 5. Marked price $845 6. Marked price $305 7. Marked price $330 8. Marked price $145 9. Marked price $920 10. Marked price $740 Sale Price $150 Sale Price $830 Sale Price $805 Sale Price $940 Sale Price $805 Sale Price $230 Sale Price $215 Sale Price $70 Sale Price $720 Sale Price $680
Marked Price Sale Price Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

Marked Price Sale Price

=
Discount

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Discounts 3
Find the sale price for each of these: 1. Marked price $435 Discount 10% Sale price = 2. Marked price $2,550 Discount 25% Sale price = 3. Marked price $3,440 Discount 50% Sale price = 4. Marked price $375 Discount 10% Sale price = 5. Marked price $790 Discount 20% Sale price = 6. Marked price $2,780 Discount 50% Sale price = 7. Marked price $1,400 Discount 20% Sale price = 8. Marked price $530 Discount 10% Sale price = 9. Marked price $1,845 Discount 25% Sale price = 10. Marked price $1,400 Discount 50% Sale price =
Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Discount as a decimal Marked price Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

Marked price

=
Amount of discount

Marked price Amount of discount

=
Sale price

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Discounts 4
Find the discount as a percentage: 1. Marked price $1,220
Amount of discount = Discount as a percentage =

Sale Price $976


Marked Price Amount of discount Sale price Amount of discount

Marked Price

=
100%

2. Marked price $680


Amount of discount =

Sale Price $612


Marked Price Sale price Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

Sale Price $1,408


Marked Price Sale price

3. Marked price $1,760


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

Sale Price $540


Marked Price Sale price

4. Marked price $720


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

Sale Price $1,940


Marked Price Sale price

5. Marked price $3,880


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

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Discounts 4
Find the discount as a percentage: 6. Marked price $1,800
Amount of discount =
Amount of discount

Sale Price $1,710


Marked Price Sale price Amount of discount

Marked Price

=
100%

Discount as a percentage =

Sale Price $2,346


Marked Price Sale price

7. Marked price $2,760


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

Sale Price $1,837.50


Marked Price Sale price

8. Marked price $2,625


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

Sale Price $1,001.25


Marked Price Sale price

9. Marked price $1,335


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

Sale Price $1,184


Marked Price Sale price

10. Marked price $1,480


Amount of discount =

Amount of discount

Amount of discount Marked Price

=
100%

Discount as a percentage =

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Purchasing 1
Find the total price for each shopping list: 1. Item Cleanser 1L Toothbrush Sunscreen 110mL Total 2. Item Conditioner 375mL Vitamin D Cap 120 Baby Formula 900G Total 3. Item Deodorant 50mL Multi Vitamin TAB 60 Baby Food Jar 110G Total 4. Item Multi Vitamin TAB 60 Handwash 250mL Baby Wipes 240 Total 5. Item Nappies Mega Box 60 Toothpaste 110G Cleanser 1L Total 6. Item Handwash 250mL Insect Repellant Spray 150G Baby Formula 900G Total
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Price

Qty

$17.95 1 $0.95 1 $7.95 2

Price

Qty

$2.95 1 $17.95 1 $14.95 1

Price

Qty

$2.95 3 $12.95 1 $0.95 2

Price

Qty

$12.95 1 $1.95 3 $9.95 3

Price

Qty

$19.95 2 $1.95 1 $17.95 2

Price

Qty

$1.95 2 $6.65 2 $14.95 1

Purchasing 2
Find the total price for each shopping list: 1. Item Sparkling Mineral Water 1.25L Tuna 95g Coffee 200g Peanut Butter 500g Total 2. Item Tea English Breakfast Savoury Biscuits 190g Chocolate Block 100g Desiccated Coconut 250g Total 3. Item Juice Drinks 8x250mL Salad Dressing 250mL Peanut Butter 500g Tuna 95g Total 4. Item Cinnamon 28g Conditioner 750mL Toilet Tissue Pk 8 Pasta Sauce 540g Total 5. Item Soft Drink Cans 15x375mL Dog Food 8kg Conditioner 750mL Cup Noodles 70g Total 6. Item Batteries AA Pk 16 Savoury Biscuits 190g Soft Drink 1.25L Chocolate Block 100g Total
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Price

Qty

$1.50 3 $1.00 4 $17.45 1 $3.35 1

Price

Qty

$3.10 1 $2.85 2 $3.75 2 $2.00 1

Price

Qty

$3.95 1 $3.70 1 $3.35 4 $1.00 3

Price

Qty

$2.15 2 $5.45 2 $3.50 4 $2.45 1

Price

Qty

$17.10 1 $14.00 2 $5.45 1 $1.10 5

Price

Qty

$14.95 1 $2.85 1 $3.20 2 $3.75 2

Purchasing 3
Find the total price for each shopping list: 1. Item Cooked Tiger Prawns 0.75 kg @ 27.99 per kg T-Bone Steak 1.05 kg @ 15.99 per kg Tomatoes 0.4 kg @ 5.44 per kg Total 2. Item Chicken Fillets 0.65 kg @ 8.99 per kg Sliced Ham 0.95 kg @ 19.98 per kg Grapes 1.2 kg @ 6.94 per kg Total 3. Apricots 1 kg @ 4.4 per kg Sliced Ham 1.45 kg @ 19.98 per kg Salami 1.3 kg @ 18.98 per kg Total Item Price Price Price

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Purchasing 3
Find the total price for each shopping list: 4. Item Pork Mid Loin Chops 1.35 kg @ 12.99 per kg Salami 1 kg @ 18.98 per kg Semi Dried Tomatoes 0.55 kg @ 19.99 per kg Total 5. Item T-Bone Steak 1.2 kg @ 15.99 per kg Chicken Fillets 1 kg @ 8.99 per kg Salmon Fillets 0.9 kg @ 26.99 per kg Total 6. Blade Steak 1.4 kg @ 10.99 per kg Cooked Tiger Prawns 0.4 kg @ 27.99 per kg T-Bone Steak 0.9 kg @ 15.99 per kg Total Item Price Price Price

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Best Buys 1
Often a single product is sold in packages of different sizes. To find which size is the best buy, we have to compare the prices for equal quantities. For example, we could compare the cost of 100g.
(In Australia, Supermarkets are now required to display unit pricing on shelf labels) see link

For each jar of coffee, find the cost for 100g.

Moccona Freeze Dried Classic Instant 50g $5.82 50g is less than 100g, so multiply by 2
Marked Price

Special Moccona Freeze Dried Classic Instant 100g was $10.06, now $6.00 This jar is already 100g, but is on sale.

per 100g

Regular price =

per 100g per 100g

Moccona Freeze Dried Classic Instant 200g $18.54 200g is more than 100g, so divide by 2
Marked Price

On sale =

per 100g

Moccona Classic Freeze Dried Bonus Jar 250g $18.54 250g is more than 100g, so divide by 2.5
Marked Price

per 100g

Moccona Freeze Dried Medium Roast 400g $24.37 400g is more than 100g, so divide by 4
Marked Price

per 100g

Which jar of coffee is the best buy?


Images and prices sourced from Woolworths Online. http://www.woolworthsonline.com.au/

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Best Buys 2
Find the unit price for each of the following: 1. 16kg for $30.40 2. 9kg for $13.05 3. 800g for $13.68 4. 1200g for $15.84 5. 1200mL for $21.12 6. 1400mL for $38.08 7. 13 for $15.60 8. 16 for $48.00 9. 16kg for $46.40 10. 14kg for $23.10 11. 1900g for $27.36 12. 600g for $3.90 13. 1200mL for $7.08 14. 1700mL for $18.70 15. 11 for $10.45 16. 16 for $31.20
Marked Price Unit Price


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=
Unit Price

per 1kg per 1kg


Unit Price

Marked Price

= =
Unit Price

Marked Price

per 100g per 100g


Unit Price

Marked Price

= =
Unit Price

Marked Price

per 100mL per 100mL


Unit Price

Marked Price

= =
Unit Price

Marked Price

each each
Unit Price

Marked Price

= =
Unit Price

Marked Price

per 1kg per 1kg


Unit Price

Marked Price

= =
Unit Price

Marked Price

per 100g per 100g


Unit Price

Marked Price

= =
Unit Price

Marked Price

per 100mL per 100mL


Unit Price

Marked Price

= =
Unit Price

Marked Price

each each
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Marked Price

Best Buys 3
Find the "best buy" in each pair: 1. A B 6kg for $16.80 13kg for $38.35
Marked Price Marked Price Unit Price

= = The best buy is:

Unit Price A or B

per 1kg per 1kg

2. A B

16kg for $39.20 20kg for $47.00

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

per 1kg per 1kg

3. A B

1300g for $20.80 1600g for $18.56

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

per 100g per 100g

4. A B

1000mL for $23.00 1600mL for $43.04

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

per 100mL per 100mL

5. A B

16 for $46.40 3 for $8.10

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

each each

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Best Buys 3b
Find the "best buy" in each pair: 6. A B 4kg for $10.80 15kg for $39.75
Marked Price Marked Price Unit Price

= = The best buy is:

Unit Price A or B

per 1kg per 1kg

7. A B

700g for $15.61 1300g for $31.72

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

per 100g per 100g

8. A B

1200mL for $12.72 1000mL for $17.00

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

per 100mL per 100mL

9. A B

9 for $13.95 9 for $18.00

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

each each

10. A 18kg for $34.20 B 12kg for $18.00

Marked Price Marked Price

Unit Price

= = The best buy is:

Unit Price A or B

per 1kg per 1kg

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Buying on Terms 1
1. Cash price $773.00 or Hire Purchase $895.00
Hire purchase price Cash price

Interest charged = = 2. Cash price $1,290.40 or Hire Purchase $1,394.40


Hire purchase price

Cash price

Interest charged = = 3. Cash price $916.00 or Hire Purchase $979.00


Hire purchase price

Cash price

Interest charged = = 4. Cash price $1,953.80 or Hire Purchase $2,192.80


Hire purchase price

Cash price

Interest charged = = 5. Cash price $431.00 or Hire Purchase $464.00


Hire purchase price

Cash price

Interest charged = =

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Buying on Terms 1b
6. Cash price $405.80 or Hire Purchase $463.80
Hire purchase price Cash price

Interest charged = = 7. Cash price $644.80 or Hire Purchase $756.80


Hire purchase price

Cash price

Interest charged = = 8. Cash price $671.20 or Hire Purchase $735.20


Hire purchase price

Cash price

Interest charged = = 9. Cash price $577.00 or Hire Purchase $675.00


Hire purchase price

Cash price

Interest charged = = 10. Cash price $1,833.60 or Hire Purchase $1,938.60


Hire purchase price

Cash price

Interest charged = =

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Buying on Terms 2
1. Cash price $1,456.00 or $251.00 Deposit plus 36 payments of $39.00
Deposit Number of Payments Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 2. Cash price $538.00 or $92.00 Deposit plus 12 payments of $44.50
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 3. Cash price $383.60 or $104.00 Deposit plus 24 payments of $13.90
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 4. Cash price $1,492.60 or $148.00 Deposit plus 48 payments of $29.70
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 5. Cash price $1,184.60 or $124.00 Deposit plus 36 payments of $32.60
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = =

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Buying on Terms 2b
6. Cash price $1,009.20 or $237.00 Deposit plus 36 payments of $23.20
Deposit Number of Payments Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 7. Cash price $1,276.60 or $300.00 Deposit plus 48 payments of $22.70
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 8. Cash price $925.20 or $251.00 Deposit plus 24 payments of $34.30
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 9. Cash price $1,685.60 or $467.00 Deposit plus 36 payments of $39.10
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = = 10. Cash price $564.00 or $149.00 Deposit plus 12 payments of $38.00
Deposit

Number of Payments

Amount of Payment

Total hire purchase price = =


Hire purchase price

+
Cash Price

Interest charged = =

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