Ways to Pay/Things to Consider
You’re shopping online. What are two things to consider when choosing how to pay?
Is it secure (e.g. using a trusted card or payment service)?
Are there extra fees or interest (e.g. using credit)?
A £60 jacket is reduced by 10%. What’s the new price?
£60 – £6 = £54
You buy trainers for £45 and sell them for £60. What is the profit?
£15 profit
The exchange rate is £1 = €1.20. How many euros would you get for £50?
£50 × 1.20 = €60
A hoodie costs £25 and lasts you 2 years. Another hoodie costs £40 but lasts 5 years. Which is better value and why?
The £40 hoodie lasts longer, so it costs £8 per year vs £12.50 per year for the cheaper one — better long-term value.
Why might someone use a credit card instead of a debit card? What should they be careful about?
Credit cards let you buy now and pay later (can help in emergencies)
But you must pay it back or face interest charges
A bike costs £250. There’s a 25% discount. How much do you save?
25% of £250 = £62.50
You sell earrings for £12 each. It costs you £3 to make each pair. What is your profit per pair and for 25 pairs?
Profit per pair = £9
Total = 25 x £9 = £225
You’re travelling to the US. The exchange rate is £1 = $1.30. How many dollars would you get for £200?
£200 × 1.30 = $260
A takeaway costs £6 and fills you up for a few hours. A home-cooked meal costs £3 and gives leftovers. Which is better value?
The home-cooked meal is better value — cheaper and gives more food overall.
Name one advantage and one disadvantage of using a buy now, pay later service like Klarna.
✔ Advantage: Allows spreading out payments
❌ Disadvantage: Can lead to debt if not managed carefully
An item costs £120. A shop gives a 15% discount. What’s the final price?
15% of £120 = £18
Final price = £102
An estate agent earns 1.5% commission on house sales. How much commission does she get for selling a £260,000 house?
1.5% of £260,000 = £3,900
You return from a trip to Europe with €180. The rate is €1 = £0.85. How much do you get back in pounds?
€180 × 0.85 = £153
A cinema ticket costs £10. A monthly streaming subscription is £8.99 for unlimited films. Which is better value?
Depends on how often you watch movies — if you only go once, the cinema is fine, but streaming is better value if used often.
You’re offered two payment options:
Pay now and get 5% off
Pay in 3 monthly instalments with no discount
Which is better and why?
Pay now is better – 5% discount saves you money. Instalments don’t offer savings.
ou buy an item for £85 with a 20% discount. Then VAT (20%) is added. What’s the final price?
20% off £85 = £17 → £68
Add 20% VAT = £13.60 → Final = £81.60
A business makes £24,000 income and has £18,750 in expenses. What is the profit as a percentage of income? (You can use a calculator)
Profit = £5,250
Percentage = (5250 ÷ 24000) x 100 = 21.88%
You have £250 to spend. The rate is £1 = 1.45 Canadian dollars. You buy an item for 300 Canadian dollars. Do you have enough? If so, how much is left?
£250 × 1.45 = 362.50 CAD
362.50 – 300 = 62.50 CAD left → Yes, you have enough.
You can buy a branded phone charger for £25 or an unbranded one for £8. The unbranded one has mixed reviews. Which do you buy and why?
Depends on priorities — branded might be safer and longer-lasting, so worth paying more. Unbranded is cheaper short-term, but may not last.
You lose your debit card but your bank app is still working. Can you still pay in shops? What should you do next?
Yes, if your app supports mobile payment (e.g. Apple/Google Pay)
But you should report the lost card to your bank immediately
A laptop is £799 with 12.5% off in a sale. What is the sale price?
12.5% of £799 = £99.88
Sale price = £699.12
You run a stall. You spend £250 on materials and £50 on transport. You sell 80 items at £5. What is the total profit?
Costs = £300
Income = 80 x £5 = £400
Profit = £100
The exchange rate changes from £1 = €1.15 to £1 = €1.10. You plan to exchange £600. How much less do you get because of the change?
Before: £600 × 1.15 = €690
After: £600 × 1.10 = €660
Difference = €30 less
You're buying trainers:
Option A: £90 from a well-known brand
Option B: £40 from a budget store
Option C: £60, eco-friendly and handmade
Which is best value for money?
Depends on your values — Option C might be best overall value for ethics and quality; Option B for price; Option A for brand reputation.