E3 Functional Skills | Mathematics

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Worksheet: Calculating with moneyConverting pounds (£) and pence (p)

£1 = 100p £4.20 = 420p £4.02 = 402p

Rounding

£2 £3£2.50

£2.76

£2.76 rounded to the nearest £1 is £3.20p 30p25p

24p

24p rounded to the nearest 10p is 20p.

Percentages

Get started1. A chocolate bar costs 45p.

a. What is the cost of three chocolate bars?

45p + 45p + 45p = £

b. Round your answer to part a to the nearest £1.

2. A notebook costs £1.28.

a. What is the cost of one notebook, rounded to the nearest 10p?

p

b. What is the cost of fi ve notebooks?

£

£1 £2£1.50

HintEither £ or p should appear in a fi nal answer, but not both.

£1.20 £1.30Hint£ 10p

6.4 = £6.

Try this1. Write in pence:

a. £2.05 b. £2.50 c. £25 d. £250

2. Write in pounds and pence:

a. 260p b. 206p c. 60p d. 6p

3. a. Round the cost of each item to the nearest 10p.

Item CostA 24pB 63pC 99p

b. Use your answers to part a to estimate the total cost of buying one of each item. Show your working.

HintEstimate the total cost by rounding each cost and then adding them.

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E3 Functional Skills | Mathematics

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c. Jessie has £1.85. Does she have enough to pay for the total cost of these items? Show your working.

4. Kabir orders three items at a restaurant which cost £4.99, £2.62 and £2.15.

Kabir estimates the total cost of his bill by rounding the cost of each item to the nearest £1.

a. Show Kabir’s calculations and write down his estimate of the total cost of the bill.

b. Kabir pays the bill with the amount he has estimated. By how much has he underpaid or overpaid?

HintWork out the actual total cost of the items.

HintWork out whether the actual cost is less or more than the estimated cost.

Aim to passShow your working and use the correct money format.

1. Luke buys sun cream and a packet of sweets. The sun cream costs £3.59. The packet of sweets costs 75p.

What is the total cost of the sun cream and the sweets? (2 marks)

2. Luke, Rex and Joe share the cost of a holiday equally. The total cost of the holiday is £627. How much does each person pay? (2 marks)

3. a. Round 627 to the nearest 10. (1 mark)

b. Use the rounded number to check your answer to question 2.Show your check below. (1 mark)

4. Ella wants to fi nd the cost of hiring a party bus to celebrate her birthday.She needs a party bus for 5 hours. The cost is £28 for each hour.What is the total cost? (2 marks)

Workings

How confi dent do you feel about calculating with money?

Got it!Well done! Why not have a go at the Level 1 worksheets in this topic?

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