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Grade 8 · Financial Maths
Percentages: The Complete Money-Maths Guide
MEMORANDUM
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Mark
  / 24

Answer all questions. Show all your working — marks are awarded for method as well as the final answer. Teacher copy: accept any correct equivalent method.

  1. 1
    Find 25% of R320 (percentage of)
    (2)
    0,25 × 320 = R80✓✓ (2)
  2. 2
    Find 12% of 150 (percentage of)
    (2)
    0,12 × 150 = 18✓✓ (2)
  3. 3
    Increase R2000 by 30% (increase)
    (2)
    2000 × 1,30 = R2600✓✓ (2)
  4. 4
    Increase R450 by 8% (increase)
    (2)
    450 × 1,08 = R486✓✓ (2)
  5. 5
    Decrease R250 by 20% (decrease)
    (2)
    250 × 0,80 = R200✓✓ (2)
  6. 6
    A R900 item at 15% off (discount)
    (2)
    900 × 0,85 = R765✓✓ (2)
  7. 7
    What percentage is 18 out of 24? (as a %)
    (2)
    18⁄24 × 100 = 75%✓✓ (2)
  8. 8
    What percentage is 30 out of 40? (as a %)
    (2)
    30⁄40 × 100 = 75%✓✓ (2)
  9. 9
    Bought for R80, sold for R100. Profit %? (profit)
    (2)
    20⁄80 × 100 = 25%✓✓ (2)
  10. 10
    Bought for R200, sold for R150. Loss %? (loss)
    (2)
    50⁄200 × 100 = 25% loss✓✓ (2)
  11. 11
    Add 15% VAT to R240 (VAT)
    (2)
    240 × 1,15 = R276✓✓ (2)
  12. 12
    A price is R575 including 15% VAT. Price before VAT? (reverse)
    (2)
    575 ÷ 1,15 = R500✓✓ (2)
TOTAL: 24 marks
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