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Managing Money

We estimate MS1-11-MM is worth about 3 marks out of 100 under the new Mathematics Standard 1 syllabus. Practise 5 exam-style questions (multiple choice, multi-part, numerical answer) with instant marking and a worked solution for every question.

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Topic notes

Percentage increase and decrease, mark-ups and discounts, GST, currency conversion, buy now pay later and buying on terms, the costs of buying and running a car, household bills, budgets and emergency funds, with worked examples.

  1. 1What you need to know
  2. 2Percentages in buying and selling
  3. 3GST and currency
  4. 4Ways to pay
  5. 5Buying and running a car
  6. 6Household bills
  7. 7Budgets and emergency funds
  8. 8Common mistakes
  9. 9Exam tips
  10. 10Links to other topics
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Example questions

Example 1 · 1 mark · multiple choice

A pair of shoes costs $132, including 10% GST. How much GST is included in the price?

  1. A$12.00
  2. B$13.20
  3. C$120.00
  4. D$14.67

Example 2 · 2 marks · multi-part

A washing machine has a cash price of $1450. It can also be bought on terms: a deposit of 10% of the cash price, then 18 monthly payments of $86.50.

Answers and worked solutions appear when you practise these questions.

Other Mathematics Standard 1 topics