Percentages in finance: assessment

This is a short assessment task on the use of percentages in a range of financial contexts. The task is set out in test format (a write-on question and answer booklet), and answers are provided for teachers.

+
Summary

This is a short assessment task on the use of percentages in a range of financial contexts. The task is set out in test format (a write-on question and answer booklet), and answers are provided for teachers.

+
Strands:

Number; Finance 

+
Prior knowledge

Students will need to be proficient in calculating percentages of amounts and percentage changes. They should also be familiar with various basic financial concepts and terms, including taxation, National Insurance, and buying and selling shares.

+
Relevance to Core Maths qualifications

  • AQA
  • City & Guilds
  • Eduqas
  • Perason/ Edexcel
  • OCR

+
Suggested Approaches

This task is suitable for use as an assessment task after (or part-way through) a section of work on financial mathematics. It could be used as homework.

+
Resources/documentation

The resources comprise:
 Test paper with spaces for answers
 Separate answer sheet for teachers

+
Relevant digital technologies

This activity is designed for use in printed form.

+
Possible extensions

This activity may provide valuable assessment or screening information to identify students who have gaps in their understanding of basic percentage calculations. 

+
Acknowledgement

Developed by Tom Carpenter at Bishop Challoner Catholic College, Birmingham.