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Olympiad Test: Money - Class 5 MCQ


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20 Questions MCQ Test Math Olympiad for Class 5 - Olympiad Test: Money

Olympiad Test: Money for Class 5 2024 is part of Math Olympiad for Class 5 preparation. The Olympiad Test: Money questions and answers have been prepared according to the Class 5 exam syllabus.The Olympiad Test: Money MCQs are made for Class 5 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Olympiad Test: Money below.
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Olympiad Test: Money - Question 1

Golu went to purchase cricket kit and gave to cashier two coins of Rs 5, four notes of Rs 10, three notes of Rs 50 and two notes of Rs 500. If the price of cricket kit was Rs 1162 the change that he would have got back is -------.

Detailed Solution for Olympiad Test: Money - Question 1

Required amount = [2 × 5 + 4 × 10 + 3 × 50
+ 2 × 500] – 1162
= [10 + 40 + 150 + 1000] – 1162
= 1200 = 1162
= Rs 38

Olympiad Test: Money - Question 2

Kapil bought 5 cookies all of which having equal price. If the total amount paid is Rs 33, what was the price of one cookie?

Detailed Solution for Olympiad Test: Money - Question 2

Price of one cookie =  = 6.6
= Rs 6.60

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Olympiad Test: Money - Question 3

Direction: Consider the prices of these items below to answer question.
Apple --------- Rs 180 per kg
Pen --------- Rs 8 per piece
Eraser ------- Rs 5 for 2 erasers
Chocolates------- Rs 15 for 3 chocolates

Ankit wants to buy half kg apples and one chocolate. The total amount he needs to pay is :

Detailed Solution for Olympiad Test: Money - Question 3

Total amount Ankit needs to pay
= 90+5= 95

Olympiad Test: Money - Question 4

Direction: Consider the prices of these items below to answer question.
Apple --------- Rs 180 per kg
Pen --------- Rs 8 per piece
Eraser ------- Rs 5 for 2 erasers
Chocolates------- Rs 15 for 3 chocolates

If Bunny wants to buy one pen and 3 erasers, how much he needs to pay?

Olympiad Test: Money - Question 5

Direction: Consider the prices of these items below to answer question.
Apple --------- Rs 180 per kg
Pen --------- Rs 8 per piece
Eraser ------- Rs 5 for 2 erasers
Chocolates------- Rs 15 for 3 chocolates

One kg apples can be bought for Rs 180 and two chocolates can be bought for Rs 7.50 .This statement is ---------.

Detailed Solution for Olympiad Test: Money - Question 5

Price of two chocolates 
Hence given statement is not correct.

Olympiad Test: Money - Question 6

Direction: Consider the prices of these items below to answer question.
Apple --------- Rs 180 per kg
Pen --------- Rs 8 per piece
Eraser ------- Rs 5 for 2 erasers
Chocolates------- Rs 15 for 3 chocolates

If Manpreet has Rs 122 and he wants to buy as many chocolates he can with this amount. The number of chocolates that he can buy is:

Detailed Solution for Olympiad Test: Money - Question 6

Price of one chocolate 
∴ Manpreet can buy =
= 2141 chocolates + 2.

Olympiad Test: Money - Question 7

Which of the following statement is false?

Olympiad Test: Money - Question 8

Yuvraj is very fond of reading books. Once he bought books for Rs 465 and she paid Rs 500 to the bookstore, which expression shows the correct amount of change that he will get back?

Olympiad Test: Money - Question 9

Direction: Consider the following scenario to answer questions.
Shraddha and Shubhra are two friends and one day they decided to go to shopping together. Shraddha had Rs 1500 and Shbuhra had Rs 2000 with them. Shraddha purchase shoes for Rs 550, a skirt for Rs 275 and movie DVD for Rs 50. Shubhra purchased top for Rs 250, a bag for Rs 480, a book for Rs 115 and a tennis racket for Rs 500.

Q. What is the total money spent by Shraddha and Shubhra together in shopping?

Detailed Solution for Olympiad Test: Money - Question 9

Total amount spent by Shraddha and Shubhra together in shopping = (550 + 275 + 50) + (250
+ 480 + 115 + 500)
= 875 + 1345 = Rs 2220

Olympiad Test: Money - Question 10

Direction: Consider the following scenario to answer questions.
Shraddha and Shubhra are two friends and one day they decided to go to shopping together. Shraddha had Rs 1500 and Shbuhra had Rs 2000 with them. Shraddha purchase shoes for Rs 550, a skirt for Rs 275 and movie DVD for Rs 50. Shubhra purchased top for Rs 250, a bag for Rs 480, a book for Rs 115 and a tennis racket for Rs 500.

Q. The amount left with Shubhra after shopping is ---------.

Detailed Solution for Olympiad Test: Money - Question 10

Amount left with Shubhra after Shopping
= 2000 – 1345 = 655

Olympiad Test: Money - Question 11

Direction: Consider the following scenario to answer questions.
Shraddha and Shubhra are two friends and one day they decided to go to shopping together. Shraddha had Rs 1500 and Shbuhra had Rs 2000 with them. Shraddha purchase shoes for Rs 550, a skirt for Rs 275 and movie DVD for Rs 50. Shubhra purchased top for Rs 250, a bag for Rs 480, a book for Rs 115 and a tennis racket for Rs 500.

Q. On the way back to home, Shraddha purchased a toy for his little brother worth Rs 99. Now how much money is left with her?

Detailed Solution for Olympiad Test: Money - Question 11

To determine how much money Shraddha has left after all her purchases, follow these steps:

1. Initial Amount: Shraddha had Rs 1500.
2. Total Spent:
- Shoes: Rs 550
- Skirt: Rs 275
- DVD: Rs 50
- Toy: Rs 99

3. Calculate Total Spending:
- Total = 550 + 275 + 50 + 99 = Rs 974

4. Remaining Amount:
- Remaining Money = 1500 - 974 = Rs 526

Therefore, Shraddha has Rs 526 left with her. The correct answer is C.

Olympiad Test: Money - Question 12

Direction: Consider the following scenario to answer questions.
Shraddha and Shubhra are two friends and one day they decided to go to shopping together. Shraddha had Rs 1500 and Shbuhra had Rs 2000 with them. Shraddha purchase shoes for Rs 550, a skirt for Rs 275 and movie DVD for Rs 50. Shubhra purchased top for Rs 250, a bag for Rs 480, a book for Rs 115 and a tennis racket for Rs 500.

Q. If the amount left with Shubhra is to be divided equally into 5 parts, what will be amount of one part?

Detailed Solution for Olympiad Test: Money - Question 12

Shubhra = 250 + 480 + 115 + 500

= 1345

Total amount she had = 2000 - 1345

= 645

Divided among 5 parts = 655/5

= 131

Olympiad Test: Money - Question 13

Direction: Consider the following scenario to answer the questions.
The sum of money with Ankit and Golu is equal to money with Sheetal. The total money with all three of them is Rs 150.

Q. How much money is present with Sheetal?

Detailed Solution for Olympiad Test: Money - Question 13

Money present with Sheetal = 1
= Rs 75

Olympiad Test: Money - Question 14

Direction: Consider the following scenario to answer the questions.
The sum of money with Ankit and Golu is equal to money with Sheetal. The total money with all three of them is Rs 150.

Q. The amount of money present with Golu is --------.

Olympiad Test: Money - Question 15

Sohan father needs to pay Rs 3000 for Sohan quarterly school fees. He has the following amount with him. How much more amount father needs so that he can pay Rs 3000 as quarterly fees?
• 1 note of Rs 1000
• 2 notes of Rs 500
• 4 note of Rs 100
• 7 notes of Rs 50
• 3 notes of Rs 20

Olympiad Test: Money - Question 16

Ashu’s father return from foreign trip and he bought with him same currencies like 10 notes of US dollars, 5 notes of 10 UK pounds. If the price of 1 US Dollar = Rs 50 and price of 1 UK pound = Rs 80, then the total amount in Rs that he has is ---------

Detailed Solution for Olympiad Test: Money - Question 16

Given:

  • 10 notes of US Dollars
  • 5 notes of 10 UK Pounds
  • 1 US Dollar = Rs 50
  • 1 UK Pound = Rs 80

Calculation:

US Dollars: 10 notes × Rs 50 = Rs 500

UK Pounds: 5 notes × 10 Pounds × Rs 80 = Rs 4000

Total Amount in Rs: Rs 500 + Rs 4000 = Rs 4500

The total amount in Rs is Rs 4500.

Olympiad Test: Money - Question 17

Direction: Consider the following scenario to answer questions.
A family of four i.e. father, mother and two children went to visit zoo and took Rs 1000 with them. The cost of zoo ticket is Rs 50 per adult and Rs 20 per child. They spent Rs 200 for food and Rs 50 to purchase bananas for monkeys. On returning back, father lost Rs 100 from his purse.

Q. What is the total amount family spent during zoo visit?

Olympiad Test: Money - Question 18

Direction: Consider the following scenario to answer questions.
A family of four i.e. father, mother and two children went to visit zoo and took Rs 1000 with them. The cost of zoo ticket is Rs 50 per adult and Rs 20 per child. They spent Rs 200 for food and Rs 50 to purchase bananas for monkeys. On returning back, father lost Rs 100 from his purse.

Q. While returning back, father lost Rs 110 from his purse. What is the amount left with father after the zoo visit?

Olympiad Test: Money - Question 19

Swati is very fond of collecting different kinds of currencies both coins and paper notes. She has coins of 10 p, 25 p, 50 p, Re 1, Rs 5, Rs 10, and notes of Rs 5 Rs 10, Rs 20, Rs 50, and Rs 100. What is the total amount of money with her?

Olympiad Test: Money - Question 20

Rajesh needs to buy an ice-cream worth Rs 10. He has same coins of 25p, 50 p, and Rs 1. Which of the following combination of coins will help him in buying the ice-cream?

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