Exchange Rates & Best BuysEdexcel IGCSE Maths: Subtopic test
10 questions, 26 marks
Edexcel IGCSE Maths
Exchange Rates & Best Buys
Total 26 marks
Name
Class
Date
- 1A traveller is converting currency between UK pounds and UAE dirhams for a holiday, and comparing prices of drinks sold in different-sized bottles.(a)The exchange rate is 1 UK pound to 4.60 UAE dirhams. How many dirhams would you get for 50 UK pounds?[1 mark]
- A dirhams
- B dirhams
- C dirhams
- D dirhams
(b)A bottle of water costs 2.30 dirhams for 500 ml. What is the price per 100 ml?[1 mark]- A dirhams
- B dirhams
- C dirhams
- D dirhams
(c)Using the exchange rate 1 UK pound to 4.60 UAE dirhams, convert 92 dirhams to UK pounds.[1 mark]- A pounds
- B pounds
- C pounds
- D pounds
Total for question 1: 3 marks
- 2A supermarket sells rice in two different bag sizes, and a shopper wants to determine the better value option (best buy).(a)A shop sells rice in two sizes: a 2 kg bag for 14.40 dirhams, and a 5 kg bag for 34.50 dirhams. Calculate the price per kg for each bag.[2 marks](b)Using your answer to part (a), state which bag of rice is the better value for money, giving a reason.[2 marks]
Total for question 2: 4 marks
- 3A tourist is converting US dollars into euros for a trip through a bank that charges a flat fee, and later needs to convert back at a different rate.(a)A tourist changes 800 US dollars into euros at a rate of 1 US dollar to 0.92 euros, and the bank charges a flat fee of 5 US dollars taken before conversion. Calculate how many euros the tourist receives.[3 marks](b)On the return trip, the tourist converts 200 euros back into US dollars at a new rate of 1 euro to 1.05 US dollars, with no fee this time. Calculate how many US dollars the tourist receives, and compare the overall exchange rates used on each leg of the trip.[3 marks]
Total for question 3: 6 marks
- 4A supermarket sells olive oil in three different bottle sizes, and a shopper with a fixed budget in UK pounds wants to identify the best buy after converting her budget into dirhams.(a)A supermarket sells olive oil in three sizes: 250 ml for 18.75 dirhams, 500 ml for 34.00 dirhams, and 1 litre for 62.00 dirhams. Calculate the price per 100 ml for each size.[4 marks](b)State which size of olive oil is the best buy, and explain your reasoning using your answer to part (a).[4 marks](c)The shopper has a budget of 20 UK pounds, and the exchange rate is 1 UK pound to 4.60 dirhams. Convert her budget to dirhams, then calculate the maximum volume of olive oil (in ml) she can buy using only the 1 litre bottles from part (a)/(b), assuming she can only buy whole bottles.[5 marks]
Total for question 4: 13 marks
End of questions