Money
25 free practice questions with explanations
PassNova has 25 free Functional Skills Maths L1 practice questions on Money, each with a clear explanation. Practise them in the browser with instant feedback — 100% free, no sign-up, on any device. Updated for 2026.
Money: example questions & answers
12 worked examples with answers and explanations below. Practise all 25 Money questions free in the browser, with instant feedback on every answer.
If an item costs £3.50 and you pay with £5, how much change do you get?
- A£1.00
- B£1.25
- C£1.50✓
- D£2.00
Answer: £5.00 - £3.50 = £1.50 change.
A pen costs 45p and a notebook costs £1.20. What is the total?
- A£1.45
- B£1.55
- C£1.65✓
- D£1.75
Answer: 45p + £1.20 = £0.45 + £1.20 = £1.65.
You have £10. You spend £4.23. How much is left?
- A£5.77✓
- B£5.87
- C£5.97
- D£6.07
Answer: £10.00 - £4.23 = £5.77.
A coffee costs £2.40 and a cake costs £1.60. What is the total cost?
- A£3.50
- B£3.90
- C£4.00✓
- D£4.10
Answer: £2.40 + £1.60 = £4.00.
If one item costs £5 and you buy 3, what is the total?
- A£10
- B£12
- C£15✓
- D£18
Answer: £5 × 3 = £15.
You earn £12 per hour. How much do you earn in 5 hours?
- A£50
- B£55
- C£60✓
- D£65
Answer: £12 × 5 = £60.
A shop sells a coat for £45 and gives a discount of £10. What is the new price?
- A£30
- B£35
- C£40✓
- D£55
Answer: £45 - £10 = £35.
If you have £25 and spend £8.50, how much is left?
- A£15.50
- B£16.00
- C£16.50✓
- D£17.00
Answer: £25.00 - £8.50 = £16.50.
Three people share £60 equally. How much does each get?
- A£15
- B£18
- C£20✓
- D£25
Answer: £60 ÷ 3 = £20 per person.
A meal costs £12.75 and you pay with a £20 note. What is your change?
- A£6.25
- B£7.00
- C£7.25✓
- D£8.00
Answer: £20.00 - £12.75 = £7.25.
You buy items for £3.40 and £5.20. What is the total?
- A£8.40
- B£8.50
- C£8.60✓
- D£8.70
Answer: £3.40 + £5.20 = £8.60.
A pair of shoes costs £45. A discount of 10% is offered. What is the discount amount?
- A£4
- B£4.50✓
- C£5
- D£5.50
Answer: 10% of £45 = £45 × 0.1 = £4.50.