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All questions of Money for Grade 6 Exam

Naresh saves Rs. 300. His brother, Suresh, saves Rs. 220. How much money must Naresh give his brother so that both of them will have the same amount of money?
  • a)
    Rs. 40
  • b)
    Rs. 520
  • c)
    Rs. 80
  • d)
    Rs. 100
Correct answer is option 'A'. Can you explain this answer?

Avinash Patel answered
To have same amount of money we will add the money both brothers have and divide by 2. 
Total = 220 + 300 = 520
520/2 = 260 Rs
This means both brothers should have 260 Rs. 
Therefore, 260 - 220 = 40 rs should be given

Praveen bought 8 books and 3 dictionaries. He gave the cashier Rs. 200 and received Rs. 59.05 in change. If each dictionary costs Rs. 30.85, find the cost of each book.
  • a)
    Rs. 6.05
  • b)
    Rs. 92.55
  • c)
    Rs. 140.95
  • d)
    Rs. 48.40 
Correct answer is option 'A'. Can you explain this answer?

Avinash Patel answered
Total bill = 200 - 59.05 = Rs 140.95
Out of which Rs 30.85 was for one dictionary =140.95 - (30.85*3)
Because there were 3 dictonaries.
Remaining balance = 48.4
Cost of each book = 48.4/8
Rs 6.05

Maya and Preeti shared Rs.3480. Maya received five times as much money as Preeti. Maya saved half the money she received. If Preeti bought 8 books at Rs. 7 each and saved the rest of the money, how much money did Preeti and Maya save altogether?
  • a)
    Rs. 1479
  • b)
    Rs. 1947
  • c)
    Rs. 1974
  • d)
    Rs. 1794
Correct answer is option 'C'. Can you explain this answer?

Honey Sircar answered
Let Preeti's money be x
then, Maya's money =5x
so, 5x+x=3480
6x=3480
x=3480/6=580
So Preeti got rs. 580 and,
Maya got 580*5= rs. 2900
a/q, Maya saved 1/2 of 2900 =1450
Preeti purchased for books = rs. 56
so she saved =rs. 580-56 =rs. 524
Thus , total savings by both = 1450+524= Rs. 1974

The cost of one pencil is Rs 3.65. What is the cost of 12 such pencils?
  • a)
    Rs 42.8
  • b)
    Rs 43.8
  • c)
    Rs 44
  • d)
    Rs 42
Correct answer is option 'B'. Can you explain this answer?

Ankita Bajaj answered
Given:
- Cost of one pencil = Rs 3.65

To find:
- Cost of 12 such pencils

Calculation:
To find the cost of 12 pencils, we need to multiply the cost of one pencil by 12.

Cost of 12 pencils = Cost of one pencil × 12

Substituting the given value:

Cost of 12 pencils = Rs 3.65 × 12

Multiplying Rs 3.65 by 12, we get:

Cost of 12 pencils = Rs 43.80

Answer:
The cost of 12 such pencils is Rs 43.80 (Option B).

A man buys toffees at 10 for Rs. 3 and sells at 8 for Rs. 3. What is his gain percent?
  • a)
    20%
  • b)
    40%
  • c)
    27%
  • d)
    25%
Correct answer is option 'D'. Can you explain this answer?

Lakshmi Mehta answered
Understanding the Problem
A man buys and sells toffees, and we need to determine his gain percent.
Cost Price (CP) Calculation
- The man buys toffees at the rate of 10 for Rs. 3.
- Therefore, the cost price of one toffee is:
- CP of 10 toffees = Rs. 3
- CP of 1 toffee = 3 / 10 = Rs. 0.30
Selling Price (SP) Calculation
- The man sells toffees at the rate of 8 for Rs. 3.
- Therefore, the selling price of one toffee is:
- SP of 8 toffees = Rs. 3
- SP of 1 toffee = 3 / 8 = Rs. 0.375
Calculating Gain
- Gain per toffee can be calculated as:
- Gain = Selling Price - Cost Price
- Gain = 0.375 - 0.30 = Rs. 0.075
Calculating Gain Percent
- Gain percent formula is:
- Gain Percent = (Gain / Cost Price) × 100
- Gain Percent = (0.075 / 0.30) × 100
- Now, simplifying this:
- Gain Percent = 0.25 × 100 = 25%
Conclusion
The man’s gain percent is 25%. Therefore, the correct answer is option 'D'.

The price of a watch is Rs 982.75. How much money will be needed to buy 4 such watches?
  • a)
    Rs 3832
  • b)
    Rs 3931
  • c)
    Rs 3333
  • d)
    Rs 982
Correct answer is option 'B'. Can you explain this answer?

Gunjan Lakhani answered
To calculate the total cost of buying 4 watches, follow these steps:
  • Each watch costs Rs 982.75.
  • Multiply the cost of one watch by 4.
Calculation:
  • Rs 982.75 × 4 = Rs 3931
Therefore, the total amount needed is Rs 3931.

Bhanu has 4 times as much money as Shekhar. If Shekhar receives Rs. 22.50 from Bhanu, they would have an equal amount of money. How much money does Shekhar have at first?
  • a)
    Rs. 15
  • b)
    Rs. 45
  • c)
    Rs. 32
  • d)
    Rs. 38
Correct answer is option 'A'. Can you explain this answer?

Lakshmi Mehta answered

Given information:
Bhanu has 4 times as much money as Shekhar.
If Shekhar receives Rs. 22.50 from Bhanu, they would have an equal amount of money.

Let's assume:
Let Shekhar have Rs. x
So, Bhanu has Rs. 4x

Calculation:
After receiving Rs. 22.50 from Bhanu, Shekhar will have x+22.50
And Bhanu will have 4x-22.50

According to the given information:
x + 22.50 = 4x - 22.50
Solving the above equation:
22.50 + 22.50 = 4x - x
45 = 3x
x = 15

Therefore, Shekhar has Rs. 15 at first.

So, the correct answer is option A) Rs. 15.

Raman has 100 rupees with him. He spends 55.5 rupees. How much does he have left?
  • a)
    Rs 45.5
  • b)
    Rs 44.5
  • c)
    Rs 49
  • d)
    Rs 44
Correct answer is option 'B'. Can you explain this answer?

Understanding the Problem
Raman initially has 100 rupees and makes a purchase costing 55.5 rupees. To find out how much money he has left, we need to perform a simple subtraction.
Calculation Steps
- Initial Amount: 100 rupees
- Amount Spent: 55.5 rupees
To calculate the remaining amount:
- Remaining Amount = Initial Amount - Amount Spent
Performing the Calculation
- 100 rupees - 55.5 rupees = 44.5 rupees
Conclusion
Raman has 44.5 rupees left after his expenditure. Therefore, the correct answer is option 'B' (Rs 44.5).
Key Points
- Always start with the total amount.
- Subtract the amount spent from the total.
- Double-check the arithmetic to ensure accuracy.
This simple exercise reinforces basic subtraction skills and helps in understanding money management.

 A two rupee coin can buy you one toffee. How many toffees can you buy for 80 rupees?
  • a)
    30
  • b)
    32
  • c)
    12
  • d)
    40
Correct answer is option 'D'. Can you explain this answer?

To determine how many toffees you can buy with 80 rupees, follow these steps:
  • Each toffee costs 2 rupees.
  • Divide the total amount of money (80 rupees) by the cost of one toffee (2 rupees).
Calculation:
  • 80 rupees ÷ 2 rupees per toffee = 40 toffees
Therefore, you can buy 40 toffees with 80 rupees.
 

Subtract Rs. 48 from Rs. 48.6.
  • a)
    Rs 0.6
  • b)
    Rs 96.6
  • c)
    Rs 888.4
  • d)
    Rs 878.8
Correct answer is option 'A'. Can you explain this answer?

Rahul Kumar answered
To find the result of subtracting Rs. 48 from Rs. 48.6, follow these steps:
  • Start with Rs. 48.6.
  • Subtract Rs. 48 from it.
  • The calculation is: 48.6 - 48 = 0.6.
Thus, the result is Rs. 0.6.

Add the following:
Rs. 48 and Rs 1.6
  • a)
    Rs 46.4
  • b)
    Rs. 48.6
  • c)
    Rs. 49.6
  • d)
    Rs. 50
Correct answer is option 'C'. Can you explain this answer?

Rohini Seth answered
To find the sum of Rs. 48 and Rs. 1.6:
  • Add the whole numbers: 48 + 1 = 49
  • Add the decimal part: 0 + 0.6 = 0.6
  • Combine the results: 49 + 0.6 = 49.6
Therefore, the total is Rs. 49.6.

A taxi-driver, filled his car petrol tank with 40 litres of petrol on Monday. The next day, he filled the tank with 50 litres of petrol. If the petrol costs Rs.44 per litre, how much did he spend in all on petrol?
  • a)
    3960
  • b)
    3890
  • c)
    3760
  • d)
    3280
Correct answer is option 'A'. Can you explain this answer?

Avinash Patel answered
Petrol filled on Monday = 40 litres
Petrol filled on the next day (Tuesday) = 50 litres
Cost of 1 litre of petrol =Rs. 44 
Now, the amount spent in overall petrol =Rs. (44 × (40+50))
=44 × 90
=44 × (100−10)
Since, Distributive property over subtraction:
a×(b−c)=(a×b)−(a×c)
⇒44×(100−10)
=44×100−44×10
=4400–440
=3960
Therefore, he spent Rs. 3960 on petrol.

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