11 Plus Money and Cost
Money and Cost include the problems which deal with currency. That may be converting the currency, increment or decrement in the currency value. This part of mathematics is very easy when we are good in basic arithmetic operations like sum, difference, product and division. We must also have basic knowledge of currency and the different denominations in that currency, like how many pence make a pound.
1 £ = 100p
- The symbol for the Pound is £
- The symbol for Euro is €
- The symbol for the Dollar is $
Money and Cost example problems:
Convert 642 pence into pounds
1 pound = 100 pence, then 1p = £ 0.01.
So 642p = 0.01 x 642 = £ 6.42
How many £ 10 notes equal £ 100
Consider notes required be n, then £ 10 x n = £ 100
n = £ 100 / £ 10 = 10.
Hence 10 notes are required.
Now we will check out a tougher example for a better experience.
By analyzing the above examples, it’s obvious that this particular topic is a scoring part of mathematics as it only includes basic arithmetic operations.
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