G6M- Financial literacy and Consumer Math
1. Which statement about credit cards is true?
a. You never have to pay back what you borrow
b. You can only use them if you’re earning money
c. You must repay what you spend, often with interest
d. They take money directly from your bank account
2. Which item is a want?
a. Medicine
b. School uniform
c. Headphones
d. All of the above
3. A $40 watch is on sale for $28. What's the discount?
a. 30%
b. 40%
c. 20%
d. 60%
4. The old price of a television is $499.00. It has been marked up by 10%. What is the new price?
a. $499.00
b. $500.00
c. $410.00
d. $548.90
5. Noah is saving to buy a skateboard that costs $120. If he saves $40 each month, how many months will it
take him to reach his goal?
a. 2 months
b. 3 months
c. 6 months
d. 7 months
6. A helps you decide if something is a need or a want before spending money.
a. Coupon
b. Budget
c. Shopping cart
d. Debit card
7. John spent $36 on 4 basketballs. What was the price per basketball?
a. $9.00
b. $8.00
c. $10.00
d. $11.00
8. What is the interest on $100 at 5% per year for 1 year?
a. $5
b. $8
c. $10
d. $15
9. Original price = $80; percentage change = 25% discount. What is the sales price?
a. $50
b. $60
c. $70
d. $75
10. Cody bought a game at the game store. If the game cost $2.35 and he paid with a $20 bill, how much
change should he get back?
a. $22.35
b. $18.65
c. $17.75
d. $17.65
11. If a backpack costs $60 and you get $15 off, what kind of discount is this?
a. Percentage discount
b. Tax Refund
c. Flat amount off
d. None of the above
12. 65 candies = $13. What is the unit price per candy?
a. $0.20
b. $0.25
c. $0.30
d. $0.50
13. A jacket is originally priced at $120, and it’s on sale for 25% off. What is the sale price?
a. $100
b. $90
c. $85
d. $70
14. Isla bought a box of 12 granola bars for $9.60. What is the unit price per granola bar?
a. $0.70
b. $0.75
c. $0.80
d. $0.85
15. Sally bought a $40 dress marked “Save 20%”. How much did she pay for the dress?
a. $30
b. $32
c. $34
d. $36
16. Peter has $100. The price of a watch is $60. Can he buy two watches if he gets a 25% discount?
a. Yes, he will have money left
b. Yes, with exactly $100
c. No, he will need more money
d. No, he can only buy one
17. Olivia earns $72 from pet-sitting. She splits it evenly between shopping, savings, and charity. How much
does each part get?
a. $20
b. $22
c. $23
d. $24
18. The original price of a refrigerator is $1680. Which coupon below is a better deal?
COUPON 1: 10% off on any item
COUPON 2: Take $160 off any refrigerator
a. Coupon 1: 10% off
b. Coupon 2: $160 off
c. Both coupons offer the same deal
d. Cannot be determined
19. Two juice bottle options are available:
Pack A: 3 bottles (each 600 mL) for $9
Pack B: 4 bottles (each 400 mL) for $8
Which pack has the lower cost per 100 mL?
a. Pack A – $0.50 per 100 mL
b. Pack B – $0.40 per 100 mL
c. Pack A – $0.60 per 100 mL
d. Both packs cost the same per 100 mL
20. Maya has a coupon for $10 off any purchase of $60 or more at a clothing store. If she buys clothes worth
$72, how much will she pay after using the coupon?
a. $62
b. $68
c. $72
d. $78
21. John works at a fun park. On weekdays he is paid at the rate of $8.90 per hour and on weekends he is paid
$15.50 per hour. How much does he earn if he works for:
i) Two whole weeks without a holiday for 4 hours a day
ii) Monday, Tuesday, Friday, and Saturday in a week for 5 hours a day
a. $118.40 ii) $211.00
b. $119.40 ii) $221.00
c. i) $604.00 ii) $211.00
d. $121.40 ii) $221.00
22. Look at the table and answer the following:
Sam has his friends coming over for a game night. He ordered 15 colas,16 hamburgers, 12 milkshakes,
and 17 fries. How much did it cost him?
a. $109.70
b. $119.75
c. $126.70
d. $190.70
23. A family dinner costs $127.80. If the family decides to tip 20%, round the bill to the nearest dollar and
estimate:
What is the tip amount and total bill including the tip?
a. Tip: $25; Total: $150
b. Tip: $26; Total: $153.80
c. Tip: $26; Total: $154
d. Tip: $25; Total: $152.80
24. James borrowed $400 and paid $48 in interest after 3 years. What was the rate of interest charged per
year?
a. 2%
b. 4%
c. 6%
d. 8%
25. The price of a T-shirt is $56.50 each.
You get a 10% discount if you buy 4 or more T-shirts.
i) How much would you pay for 3 T-shirts?
ii) How much would you pay for 8 T-shirts?
a. i) $196.50 ii) $406.80
b. i) $169.50 ii) $406.80
c. i) $166.50 ii) $416.80
d. i) $159.50 ii) $426.08
