CONSUMER ARITHMETIC

Bills
Discounts
1) A tailor charges $360 for a suit of clothes but allows a discount of 5% for cash. What is the cash price?

2) The cost price of a refrigerator is $1850. What will a buyer who is given a discount of 5% for cash purchase
pay?

3) Mr. Duncan bought a table at a discount of 30% off the marked price, thus saving $42. What was the marked
price of the table?

4) Each dress in a store was marked $3.00 off the original price. A woman paid $46.00 for 2 dresses that had the
same sale price. What was the original price of one dress?

Tax
1) A lady buys a table which is priced at $800 plus sales tax. How much will she pay for the table if the rate of
tax is 10%?

2) How much does a customer pay for an article marked at $50.00 if a sales tax of 6% is charged?

3) A plot of land is valued at $1800. Land tax is charged at a rate of $0.70 per $100. What is the total amount of
tax to be paid for the land?

Shopping Bills
1) The table shows Pamela’s shopping bill. Some of the information was not included.
Items Quantity Unit Price / $ Total Cost / $
Rice 6 ½ kg 2.40 [W]
Potatoes 4 bags [X] 52.80 June 2011
Milk [ Y ] cartons 2.35 14.10
Sub Total 82.50
[ Z ] % VAT 9.90
TOTAL 92.40
Calculate the values of W, X, Y and Z.

Utility Bills

1) For his electricity, Mr. Jones pays a fixed charge of $12.50. He also pays 50 cents for each kWh of electricity used.
How much did he pay for using 75 kWh of electricity?
A) $30.00 B) $37.50 C) $50.00 D) $87.50

2)
Electricity Bill Meter Reading (kWh)
Previous Present
1542 1735
First 100 units cost 50 cents per unit. Next 50 units cost 40 cents
per unit. Remaining units cost 30 cents per unit. Meter rental = $25

3) If the rate per litre of water used is $2, and the consumer uses 300 litres for the month of February 2011, what is
the amount due, if a service charge of $50 is also charged?

4) Determine the telephone bill for the following households.

Fixed charge for Each additional Number of
Name Rental
3 minutes or less minute minutes
Mr. Ali $8 $2 12 $24.50
Miss Monroe $10 $0.50 1 $34.99
2
2

Form 4 Mathematics Worksheet Compiled by Melissa Harrichandsingh

Percentage Profit and Loss
1) An article was bought for $125 and sold for $175. What was the percentage profit?
2) Calculate the profit percentage on an item if its cost price is $1.50 and its selling price is $1.80.
3) Calculate the loss percentage on an item if its cost price is $6.53 and its selling price is $5.88.
4) The table below shows the cost price, selling price, and profit or loss as a percentage of the cost price. Copy and
complete the table below, inserting the missing values at (i) and (ii).

5) Cost Price Selling Price Percentage Profit or Loss

June 2012
(i) $55.00 $44.00
(ii $100 25% profit
)

6) Mrs. Jack bought 150 T-shirts for $1920 from a factory.

FC
(i) Calculate the cost of ONE T-shirt. CXC

The T-shirts are sold at $19.99 each.

Calculate June 2010
(ii) the amount of money Mrs. Jack received after selling all of the T-shirts.
(iii) the TOTAL profit made.
(iv) the profit made as a percentage of the cost price, giving your answer to the nearest whole number.

Hire Purchase
1) Derek bought a new bike on hire purchase. He paid a deposit of $50 and has to pay 10 monthly installments of $20.
What is the total hire purchase price of the car?

2) January 2008
The cash price of a bicycle is $319.95. It can be bought on hire purchase by making a deposit of $69.00 and 10 monthly
installments of $28.50 each.
(i) What is the TOTAL hire purchase price of the bicycle?
(ii) Calculate the difference between the total hire purchase and the cash price.
(iii) Express your answer in (ii) above as a percentage of the cash price.

3) January 2004
The cash price of a dining room suite with a table and six identical chairs is $880. If the price of the table is $250, what
is the price of EACH chair?
The dining room suite may be bought on hire purchase for a deposit of $216 plus monthly payments of $35 for a
period of two years. Calculate
(i) the total hire purchase price of the suite
(ii) the extra cost of buying on hire purchase as a percentage of the cash price.

Currency
1) June 2012
The table shows some rates of exchange:
3) June 2008 (I)
US $1.00 = EC $2.70 In this question, use CAN $1.00 = JA $72.50.
TT $1.00 = EC $0.40
Calculate the value of (i) On a vacation, in Canada, Steve used his credit card
(i) EC $1 in TT $ to buy a camera for CAN $250.00.
(ii) US $80 in EC $ What is the value of his camera in Jamaican dollars?
(iii) TT $648 in US $ (ii) Steve’s credit card limit is JA $30 000. After buying
the camera, how many Canadian dollars does he have
2) January 2009 left on his credit card for spending?
(i) Karen exchanged BD $2000 and received EC
$2700. Calculate the value of one BD$ in EC$.
4) June 2006
(ii) If Karen exchanged EC $432 for BD$, calculate the GUY $1.00 = US $0.01 EC $1.00 = US $0.37
amount which Karen would receive. Calculate the value of
Form 4 Mathematics Worksheet Compiled by Melissa Harrichandsingh
 (i) GUY $60 000 in US$ (ii) US $925 in EC$
WAGES
Overtime
1) The basic wage earned by a truck driver for a 40 2) Mr. Jones works for a basic wage of $15 per hour for
hour week is $560.00 a 40 hour week.
(i) Calculate his hourly rate (i) If Mr. Jones worked only 40 hours during a
For overtime work, the driver is paid one and a half particular week, what was his wage for that week?
times the basic hourly rate (ii) Mr. Jones’ wage for the next week was $960. If
(ii) Calculate his overtime wage for 10 hours of overtime is paid at double time, how many hours
overtime. of overtime did he work?
(iii) Calculate the total wages earned by the truck Jan 2002
driver for a 55 hour week. June 2009

Commission
1) A salesman is paid 5% of his sales as commission. He made sales of $2020. How much commission was he paid?
A) $11.00 B) $20.20 C) $101.00 D) $110.00

2) A salesman sells a car for $11 000. If he is paid a commission of 4.5% for the first $10 000 and 7.5% on the
remainder, then what is the commission he receives?

3) In a certain company, a salesman is paid a fixed salary of $3 140 per month plus an annual commission of 2% on the
TOTAL value of cars sold for the year. If the salesman sold cars valued at $720 000 in 2009, calculate
(i) his fixed salary for the year
Jan 2010
(ii) the amount he received in commission for the year
(iii) his TOTAL income for the year.

Income Tax
1) Frank is a married man who earns $15 000 per annum. He has
two children, aged 15 and 10 years, and a dependent relative Single person’s allowance: $1200
whom he helps to support. He also gets an allowance for National Married person’s allowance: $2000
Insurance. Calculate Child under 11 years old: $300
(i) his total allowances Child 11 – 16 years old: $400
(ii) his taxable income Child over 16 if in full time education: $500
If income tax is levied at 30% per annum, calculate Dependent relative: $200
(iii) the amount he pays in income tax. National Insurance: $100

2) June 2008 (II)

Mr. Allen has a wife and three children. His monthly salary during the year 2007 was $7500.
(i) Calculate his annual salary

Information on calculating income tax for 2007 is shown in the table below:
Allowances Tax rate
Husband $10 000
Wife $5 000 22% of the taxable income
Each child $2 500
Taxable Income = Annual Salary – Total Allowances

(ii) Calculate Mr. Allen’s TOTAL allowances for 2007.

(iii) Calculate Mr. Allen’s income tax for 2007.
(iv) What percentage of Mr. Allen’s annual salary was paid in income tax?

3) A man’s annual income is $45 000. His tax-free allowances total $13 000. He has to pay a tax of 30% on his taxable
income. The tax payable is
A) $3900 B) $9600 C) $13500 D) $17400

Form 4 Mathematics Worksheet Compiled by Melissa Harrichandsingh

Interest / Depreciation

SI = Simple Interest
P × R ×T
Formula for simple interest SI= P = Principal
100
R = Rate
T = Time in years

n
R
Formula for compound interest (
A=P 1+
100 ) A = Total money accrued

P = Principal
R= Rate
n = number of years
n
R
Formula for depreciation A=P 1− (
100 )
1) Find the total amount of money accrued after making the following investments with simple interest:
a) $34,100 at 4% for 3 years b) $210 at 8% for 1 year
c) $4,000 at 3% for 9 months d) $20,600 at 8% for 2 years

2) a) How long would it take for $500 to increase to $750 at 10% simple interest per annum?
b) How long would it take for $800 to increase to $992 at 6% simple interest per annum?
c) How long would it take for $625 to double in value at 8% simple interest per annum?
d) What rate of simple interest is needed for $600 to increase to $800 in 2 years?

3) Find the total amount of money accrued after making the following investments with compound interest:
a) $34,100 at 4% for 3 years b) $210 at 8% for 1 year
c) $4,000 at 3% for 9 months d) $20,600 at 8% for 2 years

4) Find the total amount of money which will remain after the following sums depreciate:
a) $34,100 at 4% for 3 years b) $210 at 8% for 1 year
c) $4,000 at 3% for 9 months d) $20,600 at 8% for 2 years

5) A loan of $12000 was borrowed from a bank at 14%per annum. Calculate

(i) the interest on the loan at the end of the first year.
(ii) the total amount owing at the end of the first year. Jan 2006
A repayment of $7 800 was made at the start of the second year. Calculate
(iii) the amount still outstanding at the start of the second year.
(iv) the interest on the outstanding amount at the end of the year.

7) The table below gives information on the value s and the rates of depreciation in value of two motor vehicles.

Motor Vehicle Initial Value Yearly Rate of Depreciation Value after One Year
Taxi $40 000 12 % $p
Private Car $25 000 q% $21 250

Calculate June 2006

(i) the values of p and q
(ii) the value of the taxi after two years

Form 4 Mathematics Worksheet Compiled by Melissa Harrichandsingh