Exchange Rates & Best Buys (Edexcel GCSE Maths: Foundation): Exam Questions

Exam code: 1MA1

1 hour20 questions
1
3 marks

Jamie is purchasing bottles of a fizzy drink to sell in his shop.

He compares the prices of the same type of drink from three different suppliers, each of which sells the drinks in different sized packs.

He wants to buy the fizzy drinks with the lowest price per bottle.

The table below shows the number of bottles in the pack, and the price from each supplier

Supplier A

Supplier B

Supplier C

30 bottles

32 bottles

40 bottles

£15.45

£16.50

£20.45

Which shop should Jamie buy the fizzy drinks from?

You must show your working.

2
4 marks

Alicia runs a restaurant and is buying spaghetti.

She has selected 3 different suppliers and wants to choose the cheapest supplier per kilogram.

The table below shows the prices and masses listed by the 3 different suppliers.

Work out which supplier Bella should select, showing your full working.

Supplier A

Supplier B

Supplier C

£4.82 for 5 kg

9.7p per 100 g

£1.92 for 2 kg

3
3 marks

Karen is purchasing batteries.

She wants to purchase exactly 60 batteries.

Shop A sells packs of 20 batteries for £14.

Shop B sells packs of 15 batteries for £12.
In Shop B, when 2 packs are purchased, an additional pack is received for free.

Which shop is cheapest for Karen to purchase exactly 60 batteries?

4
1 mark

Thor changes 40 000 Icelandic Krona into dollars when the exchange rate is 1 krona = $0.0099 .

Work out how many dollars he receives.

$ ................................................ 

5
2 marks

In Tokyo, Jeremy buys a bracelet for 2050 yen.
The exchange rate is 1 yen = $0.0125 .

Calculate the price of the bracelet in dollars.
Give your answer correct to the nearest dollar.

$ ................................................. 

1
1 mark

Sean is the manager of a museum.

He buys a Chinese pot costing 1200 yuan.
The exchange rate is $1 = 6.4 yuan.

Work out the cost of this pot in dollars.

$ ................................................. 

2
2 marks

Levante changes 24650 Hungarian forints to dollars.
The exchange rate is $1 = 290 forints.

Calculate how many dollars Levante receives.

$ ...................................................

3
2 marks

Rashid changes 30 000 rupees to dollars when the exchange rate is $1 = 68.14 rupees.

How many dollars does he receive?

$ ................................................... 

4
2 marks

A tourist changes $500 to euros (€) when the exchange rate is €1 = $1.0697.

Calculate how many euros he receives.

€ .................................. 

5
3 marks

Complete this bill.

2.5 kg potatoes at $1.12 per kg

$ ........................

........ kg bananas at $1.05 per kg

$ ........................

Total = 

$ 4.69

6
3 marks

A shop sells bags of compost in three different sizes.

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Work out which size of bag gives the best value.
Show how you decide.

7
3 marks

Three jewellery shops in different cities sell the same designer watch.

The price of the watch from Esteem in Manchester is £850

The price of the watch from Voila! in Paris is €1090

The price of the watch from Starz in Houston is $1890

The exchange rates are

£1 = €1.28

€1 = $1.41

In which shop is the watch sold for the most expensive price?

You must show how you get your answer.

1
4 marks

A chef buys some cheese from France.
200g of cheese costs 3.45 euros.
The exchange rate is $1 = 0.84 euros.

Work out the maximum mass of cheese the chef can buy with $150.
Give your answer in kilograms, correct to 1 decimal place.

............................................ kg 

2a
3 marks

A shop sells soft drink in 500 ml bottles and in 1 litre bottles.

Each 500 ml bottle costs 92p.
Each 1 litre bottle costs £1.70.

John is buying soft drink for an after-school club meeting. The club has no soft drink on hand to begin with.

The club has 8 members, and John assumes that each member will drink, on average, 23 of a litre of soft drink.

Work out the smallest amount of money that John needs to spend on soft drink.
You must show all your working.

2b
1 mark

In fact, the members of the club each drink more than 23 of a litre of soft drink on average.

Explain how this might affect the amount of money that the club needs to spend on soft drink for a meeting.

3
2 marks

A ticket to a football match costs $20.

Calculate the cost of the ticket in rupees when the exchange rate is 1 rupee = $0.016 .

...................................... rupees 

4
3 marks

Jamie buys a clock from Japan for 9395 yen.
The exchange rate is $1 = 110.27 yen.

Work out the cost of the clock in dollars, correct to the nearest cent.

$ ..............................................

5
4 marks

$1 = 0.88 euros


£1 = 1.15 euros

Zach changes $575 into euros.
He spends 45% of the euros in France.
He changes the euros he does not use into pounds (£) to spend in England.

Work out how many pounds he receives.

£ ...................................................

6
4 marks

On the internet, Pranay sees a grey jacket for 165 euros (€) and a blue jacket for $180.
These are the exchange rates.

1 = 76.05 rupees 1 rupee = $0.0152

Work out which jacket is the cheapest and by how many rupees.

The .................. jacket is cheapest by .................. rupees

7
3 marks

Rangan buys 3.6 kg of potatoes and 2.8kg of leeks.
The total cost is $13.72.
Leeks cost $2.65 per kilogram.

Find the cost of 1 kg of potatoes.

$................................

8a
4 marks

Mr Razif travels by bus from Singapore to Kuala Lumpur with his wife and his four children.

Ticket Price

Adult

$32.40

Child

$24.40

Family (2 adults and 3 children)

$115.00

Work out how much Mr Razif saves if he buys a family ticket and one child ticket rather than six individual tickets.

$ ............................ 

8b
1 mark

The bus leaves Singapore at 1240 and arrives in Kuala Lumpur at 1735.

Work out, in hours and minutes, the time this journey takes.

.................... h ...................min 

8c
2 marks

Mr Razif changes some dollars into Malaysian ringgits.
He receives 318 ringgits when the exchange rate is $1 =4. 24 ringgits.

Work out how many dollars he changes.

$ ..............................