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Primary General Studies: Money Management and the Smart Consumer (Paper 4 (error clinic))
Primary General Studies: Money Management and the Smart Consumer (Paper 4 (error clinic))
This paper retrains the common errors: classifying income, needs and wants, change, unit price, the base of a discount and interest.
Direct answers Name the base figure before multiplying or dividing and most errors disappear.
01 Paper details (check answers afterwards)
| Item | Detail |
|---|---|
| Questions | 10 |
| Suggested time | 20 |
| Difficulty mix | Foundation 3 · Intermediate 3 · Challenge 3 · Error redo 1 |
| Chapter | Chapter: Primary General Studies: Money Management and the Smart Consumer |
| Level | P5 |
02 Questions (10 items)
- FoundationIs pocket money income or spending?
- FoundationDoes saving mean never using the money?
- FoundationIs a new games console a need or a want?
- IntermediateWith 300 dollars of pocket money and 80 dollars saved, how much can be used?
- IntermediateFour items at 15 dollars each paid with 100 dollars: what is the change?
- IntermediateWhich is cheaper per 200 ml: 800 ml for 12 dollars or 1 litre for 14 dollars?
- ChallengeTo save 400 dollars at 50 dollars a month, how many months are needed?
- ChallengeA 480 dollar item is sold at 30 per cent off; what is the price and the saving?
- ChallengeWith 2 000 dollars at three per cent a year, what is the total after one year?
- Error redoShould a discount be applied to the original price or the sale price?
03 Answers and one-line notes
| # | Answer | One-line note |
|---|---|---|
| 1 | It is income. | Pocket money is money received while money spent is spending. |
| 2 | No, saving prepares money for future goals or emergencies. | Saved money is used when needed, for example for books or a doctor visit. |
| 3 | It is a want. | Life goes on without a games console, so it is not a basic need. |
| 4 | 220 dollars. | 300 minus 80 gives 220. |
| 5 | 40 dollars. | Four items cost 60 dollars and 100 minus 60 leaves 40. |
| 6 | The 1 litre pack. | Per 200 ml the prices are 3 dollars against 2.8 dollars. |
| 7 | Eight months. | 400 divided by 50 gives 8. |
| 8 | It costs 336 dollars and 144 dollars is saved. | Thirty per cent off means paying 70 per cent, so 480 times 0.7 is 336 and the gap is 144. |
| 9 | 2 060 dollars. | Interest is 2 000 times 0.03, that is 60, and adding the principal gives 2 060. |
| 10 | It must be applied to the original price. | A discount is a share of the original price, so using the sale price understates the reduction. |
04 What to do after marking
- After marking, redo only the wrong items and write down which step went wrong (formula, unit, or misread number).
- Repeat the same item two days later; move to the next paper only when both attempts are correct.
- Parents only need the answer and note columns; there is no need to explain every item.
Separate needs from wants, then keep records, set a budget and compare unit prices; before buying ask whether it is really needed, whether a cheaper equivalent exists, and whether a receipt protects you.Tutor Registration →
Questions and answers are written originally by the TutorZone team and are not taken from any school, publisher or examination authority paper. Every value is checked by computer.