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This question focusses on being able to apply the 4 basic maths operations and also use the calculator effectively.

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You have 1 minute to answer this question.

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A client has a portfolio of shares in 5 companies and is reviewing their annual performance.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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Company type

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 Number of shares held at 1st Jan

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Price per share (pence) at 1st Jan

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Price per share (pence) at 31st Dec

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Media

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8,000

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250

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290

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Insurance

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6,500

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350

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380

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Retail

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9,000

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440

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510

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Energy

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15,500

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300

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335

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Leisure

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20,000

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190

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230

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In June, half of the shares in Insurance are sold at 420p per share. The money is received is reinvested in the same company on 31st December.

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How many shares does the client hold in Insurance at the end of the year?

", "advice": "

The solutions only needs you to look at shares for Insurance. Do not be fooled into looking at the selling price on 1st January as they have given the price of 420p per share in the information.

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Find half the amount of shares insurance i.e. 6500/2 = 3250.

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Multiply this by 402p to obtain 1306500p.

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Divide 1306500p by 380p (price of share on 31st Dec) = 3438.16

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Add half the amount of the original shares for Insurance ie 3438.16 + (6500/2) = 6688 shares

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Note, knowing how to use your calculator effectively will mean less time spent on the question.

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