Maths Test

Maths Test 1st Year                    Name: ___________________________

Q.1    A shopkeeper pays €240 for a bicycle and marks it up so that she makes a profit of 20%.  Find the
          selling price.

Selling price = ____________

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Q.2        A man bought and item for €150 and sold it for €225.  Find the percentage profit of his selling price.

Percentage profit on selling price = _______________

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Q.3        A woman bought a dress for €118 plus VAT @13% and a shirt for €32 plus VAT @ 21%. 
              How much did she pay in total including the VAT?

Total price paid = ______________

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Q.4        A woman invested €350 for 2 years @ 10% per annum.  Calculate:
             (i)    how much she has in her account at the end of the two years and,
             (ii)   how much interest she has received

Amount in account after 2 years = _____________            Total interest received = _____________

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Q.5    A woman earns €650 per week.  Her standard cut-off point is €500.  Her tax credit is €30 per week.  The standard rate of income tax is 20% and the higher rate is 40%.  Find out how much tax she has to pay (tax payable) and how much pay she takes home.

Tax Payable = ________________                    Take home pay = ________________

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