Money
42 free practice questions with explanations
42 free questions · instant explanations · no sign-up
PassNova has 42 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
40 worked examples with answers and explanations below. Practise all 42 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£1.25
- B£2.00
- C£1.00
- D£1.50✓
Answer: £5.00 - £3.50 = £1.50 change.
A pen costs 45p and a notebook costs £1.20. What is the total?
- A£1.75
- B£1.45
- C£1.55
- D£1.65✓
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£6.07
- C£5.97
- D£5.87
Answer: £10.00 - £4.23 = £5.77.
A coffee costs £2.40 and a cake costs £1.60. What is the total cost?
- A£4.00✓
- B£4.10
- C£3.90
- D£3.50
Answer: £2.40 + £1.60 = £4.00.
If one item costs £5 and you buy 3, what is the total?
- A£10
- B£18
- C£12
- D£15✓
Answer: £5 × 3 = £15.
You earn £12 per hour. How much do you earn in 5 hours?
- A£65
- B£50
- C£60✓
- D£55
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£55
- C£40
- D£35✓
Answer: £45 - £10 = £35.
If you have £25 and spend £8.50, how much is left?
- A£16.50✓
- B£15.50
- C£16.00
- D£17.00
Answer: £25.00 - £8.50 = £16.50.
Three people share £60 equally. How much does each get?
- A£20✓
- B£18
- C£25
- D£15
Answer: £60 ÷ 3 = £20 per person.
A meal costs £12.75 and you pay with a £20 note. What is your change?
- A£7.25✓
- B£6.25
- C£8.00
- D£7.00
Answer: £20.00 - £12.75 = £7.25.
You buy items for £3.40 and £5.20. What is the total?
- A£8.70
- B£8.50
- C£8.40
- D£8.60✓
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£4.50✓
- B£5.50
- C£5
- D£4
Answer: 10% of £45 = £45 × 0.1 = £4.50.
A pair of shoes costs £45. A discount of 10% is offered. What is the new price after the discount?
- A£40.50✓
- B£39.50
- C£41.00
- D£40.00
Answer: £45 - £4.50 = £40.50.
You have £100. You spend £34.56. How much is left?
- A£64.44
- B£66.00
- C£65.00
- D£65.44✓
Answer: £100.00 - £34.56 = £65.44.
A bill is £45.60. You pay £50. What is your change?
- A£3.40
- B£4.00
- C£5.00
- D£4.40✓
Answer: £50.00 - £45.60 = £4.40.
You save £15 each week. How much do you save in 8 weeks?
- A£120✓
- B£110
- C£100
- D£130
Answer: £15 × 8 = £120.
A book costs £8.99. How much for 4 books?
- A£35.96✓
- B£34.96
- C£35.00
- D£36.00
Answer: £8.99 × 4 = £35.96.
You have £200. You spend £150.75. How much is left?
- A£50.00
- B£49.00
- C£49.25✓
- D£48.25
Answer: £200.00 - £150.75 = £49.25.
A train ticket costs £12.50. How much for 6 tickets?
- A£77.50
- B£70
- C£72.50
- D£75✓
Answer: £12.50 × 6 = £75.00.
Your weekly wage is £350. What is your monthly wage (4 weeks)?
- A£1,500
- B£1,200
- C£1,300
- D£1,400✓
Answer: £350 × 4 = £1,400.
A bill is split between 5 people. The total is £85. How much per person?
- A£16
- B£18
- C£15
- D£17✓
Answer: £85 ÷ 5 = £17 per person.
You buy items costing £7.50, £12.30, and £5.20. What is the total?
- A£25.50
- B£24.00
- C£26.00
- D£25.00✓
Answer: £7.50 + £12.30 + £5.20 = £25.00.
A discount of 20% is given on a £50 item. What is the new price?
- A£40✓
- B£38
- C£42
- D£35
Answer: 20% of £50 = £10, so new price = £50 - £10 = £40.
You have £50. You spend £12.99, £15.50, and £8.75. How much is left?
- A£13.00
- B£10.00
- C£12.76✓
- D£11.76
Answer: Total spent = £12.99 + £15.50 + £8.75 = £37.24. Left = £50.00 - £37.24 = £12.76.
A product normally costs £60. In a sale, it's 25% off. What is the sale price?
- A£40
- B£48
- C£43
- D£45✓
Answer: 25% of £60 = £15, so sale price = £60 - £15 = £45.
A 750 g box of washing powder costs £4.20. What is the cost per 100 g?
- A70p
- B56p✓
- C60p
- D42p
Answer: There are 7.5 lots of 100 g in 750 g, so the cost per 100 g is £4.20 ÷ 7.5 = 56p.
A 4-pack of batteries costs £3.60 and a 10-pack costs £8.00. Which pack is the better value, and what is the price per battery?
- AThe 4-pack, at 90p per battery
- BThe 10-pack, at 90p per battery
- CThe 4-pack, at 80p per battery
- DThe 10-pack, at 80p per battery✓
Answer: Dividing each price by the number of batteries gives £0.90 each for the smaller pack and £0.80 each for the larger pack, so the 10-pack is the better value at 80p per battery.
Petrol costs £1.45 per litre. How much do 30 litres cost?
- A£43.50✓
- B£4.35
- C£34.50
- D£20.69
Answer: Multiply the price of one litre by the number of litres: £1.45 × 30 = £43.50.
Ravi is paid £54 for 6 hours of work. At the same rate of pay, how much does he get for 9 hours?
- A£63
- B£6
- C£81✓
- D£486
Answer: His hourly rate is £54 ÷ 6 = £9, so 9 hours at that rate is 9 × £9 = £81.
A £1,200 bonus is shared between two staff in the ratio 5:3. How much does the member of staff with the smaller share receive?
- A£750
- B£600
- C£400
- D£450✓
Answer: The parts add up to 8, so the smaller share is 3/8 of the bonus: 3/8 of £1,200 = £450.
Three housemates share a £96 electricity bill in the ratio 1:1:2, because one of them has a much larger room. How much does the housemate with the largest room pay?
- A£24
- B£48✓
- C£32
- D£64
Answer: The parts add up to 4 and the largest share is 2 of them, which is half of the bill: half of £96 = £48.
A café takes £800 in a day. The ratio of card payments to cash payments is 3:1. How much of the £800 was taken in cash?
- A£600
- B£400
- C£200✓
- D£267
Answer: The parts add up to 4 and cash is 1 of them, so the cash taken is 1/4 of £800 = £200.
A furniture shop asks for a 15% deposit on a £200 sofa. How much is the deposit?
- A£30✓
- B£25
- C£35
- D£20
Answer: 10% of £200 is £20 and 5% is £10, so 15% is £20 + £10 = £30.
A parcel weighs 2.5 kg. Postage costs £0.80 per kg. What is the total postage?
- A£2.50
- B£1.50
- C£2.00✓
- D£3.00
Answer: Total postage = £0.80 × 2.5 = £2.00. Half a kilogram costs £0.40, so 2.5 kg costs £0.80 + £0.80 + £0.40.
£800 is put into a savings account that pays 3% simple interest each year. How much interest is earned in 2 years?
- A£480
- B£48✓
- C£6
- D£24
Answer: 3% of £800 is £24 for one year. Simple interest is the same every year, so for 2 years it is 2 × £24 = £48.
A phone contract costs £49 up front and then £18.50 a month for 24 months. What is the total cost?
- A£395
- B£493✓
- C£542
- D£444
Answer: 24 monthly payments cost 24 × £18.50 = £444. Add the upfront cost: £444 + £49 = £493.
A shop sells the same coffee in four sizes. Which is the best value for money?
- A1 kg for £4.90
- B750 g for £3.30✓
- C250 g for £1.30
- D500 g for £2.40
Answer: Work out the price for 100 g of each. 750 g for £3.30 is 44p per 100 g; 500 g for £2.40 is 48p; 1 kg for £4.90 is 49p; 250 g for £1.30 is 52p. The lowest price per 100 g is the 750 g pack.
A plumber charges £65 before VAT. VAT is added at 20%. What is the total bill?
- A£78✓
- B£67
- C£13
- D£85
Answer: 20% of £65 is £13 (10% is £6.50, doubled). Add the VAT to the charge: £65 + £13 = £78. £13 is only the VAT.
Kemi is paid £11.80 an hour and works 37.5 hours in a week. What is her pay for the week?
- A£442.50✓
- B£436.60
- C£413.00
- D£452.50
Answer: Multiply the hourly rate by the hours worked: £11.80 × 37.5 = £442.50.
Each month Dev has £1,640 coming in. He spends £620 on rent, £285 on bills, £310 on food and £96 on travel. How much is left?
- A£339
- B£229
- C£1,311
- D£329✓
Answer: Add the spending: £620 + £285 + £310 + £96 = £1,311. Subtract from the income: £1,640 − £1,311 = £329.