Money — Practice

Question 1

How many paise make one rupee?

Accepted Answer

100 paise.

Question 2

Convert Rs 9 into paise.

Accepted Answer

9 x 100 = 900 paise.

Question 3

Convert 275 paise into rupees.

Accepted Answer

275 / 100 = Rs 2.75.

Question 4

A shopkeeper buys a ball for Rs 60 and sells it for Rs 85. Find the profit.

Accepted Answer

SP is larger, so profit = 85 - 60 = Rs 25.

Question 5

A book costs Rs 120 and is sold for Rs 100. Is this a profit or a loss, and of how much?

Accepted Answer

CP is larger than SP, so it is a loss. Loss = 120 - 100 = Rs 20.

Question 6

Add Rs 24.50 and Rs 36.75.

Accepted Answer

The paise give 50 + 75 = 125, which is Rs 1 and 25 paise. Carrying, 24 + 36 + 1 = 61. Answer Rs 61.25.

Question 7

Find the total for 3 notebooks at Rs 25 each and 2 pens at Rs 15 each.

Accepted Answer

3 x 25 = Rs 75 and 2 x 15 = Rs 30, so the total is Rs 105.

Question 8

Ravi pays a bill of Rs 165 with a Rs 200 note. How much change should he get?

Accepted Answer

Change = 200 - 165 = Rs 35.

Question 9

A cap is bought for Rs 75 and sold for Rs 75. What is the result, and what is this situation called?

Accepted Answer

There is neither profit nor loss, because CP and SP are equal. This situation is called break even.

Question 10

Amina buys 5 pencils at Rs 8 each and 2 erasers at Rs 5 each, and pays with a Rs 100 note. What change does she get?

Accepted Answer

Pencils cost 5 x 8 = Rs 40 and erasers 2 x 5 = Rs 10, so the total is Rs 50. Change = 100 - 50 = Rs 50.

Practice — Money