The document discusses how to solve real-life money problems using numeracy skills. It provides steps to follow: 1) read the problem, 2) extract relevant data, 3) determine the calculation needed, 4) show the work, and 5) state the solution clearly. An example is given of calculating the cost for a car owner needing 4 hours of mechanic work at £30 per hour plus £65 for parts. The solution is that it will cost the car owner £185.

1. Money and real-life problems
Numeracy skills are more widely used with money
than with any other real-life problems.
Here we are going to look at how to approach
these problems.

2. Money and real-life problems
When faced with a real-life problem there are
several simple steps to follow in order to solve
them.
1) Read the problem
2) Extract the data
3) Decide what type of calculation is needed
4) Show your working out
5) State clearly your solution

3. Money and real-life problems
Sample question:
A man pays a garage for work on his car. The
mechanic charges £30 per hour plus the cost of
parts.
If the car owner needs 4 hours work and £65 of
parts, how much does it cost the car owner?
1) Read the problem

4. Money and real-life problems
Sample question:
A man pays a garage for work on his car. The
mechanic charges £30 per hour plus the cost of
parts.
If the car owner needs 4 hours work and £65 of
parts, how much does it cost the car owner?
2) Extract the data

5. Money and real-life problems
3) Decide what type of calculation is needed
4 hours work at £30 per hour plus £65 of
parts

6. Money and real-life problems
3) Decide what type of calculation is needed
4 x £30 + £65

7. Money and real-life problems
4) Show your working out
4 x £30 + £65 we always do x or ÷ first if
there are no brackets.

8. Money and real-life problems
4) Show your working out
£120 + £65 we always do x or ÷ first if there
are no brackets.

9. Money and real-life problems
4) Show your working out
£120 + £65 = £185

10. Money and real-life problems
5) State clearly your solution
It costs the car owner £185

11. Money and real-life problems
Remember:
1) Read the problem
2) Extract the data
3) Decide what type of calculation is needed
4) Show your working out
5) State clearly your solution