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Class 1 Exam  >  Class 1 Tests  >  Mathematics Olympiad for Class 1  >  Olympiad Test Level 2: Money - 2 - Class 1 MCQ

Olympiad Test Level 2: Money - 2 - Class 1 MCQ


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10 Questions MCQ Test Mathematics Olympiad for Class 1 - Olympiad Test Level 2: Money - 2

Olympiad Test Level 2: Money - 2 for Class 1 2024 is part of Mathematics Olympiad for Class 1 preparation. The Olympiad Test Level 2: Money - 2 questions and answers have been prepared according to the Class 1 exam syllabus.The Olympiad Test Level 2: Money - 2 MCQs are made for Class 1 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Olympiad Test Level 2: Money - 2 below.
Solutions of Olympiad Test Level 2: Money - 2 questions in English are available as part of our Mathematics Olympiad for Class 1 for Class 1 & Olympiad Test Level 2: Money - 2 solutions in Hindi for Mathematics Olympiad for Class 1 course. Download more important topics, notes, lectures and mock test series for Class 1 Exam by signing up for free. Attempt Olympiad Test Level 2: Money - 2 | 10 questions in 20 minutes | Mock test for Class 1 preparation | Free important questions MCQ to study Mathematics Olympiad for Class 1 for Class 1 Exam | Download free PDF with solutions
Olympiad Test Level 2: Money - 2 - Question 1
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 Direction: On the basis of the below figure, Answer the following question.

You have ₹ 75. Which of the following items you can buy, if you spend all your money?

Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 1

Cost of one chess board = ₹ 32
Cost of two ice creams
= 2 × ₹ 20 = ₹ 40
Cost of three toffees 

Olympiad Test Level 2: Money - 2 - Question 2
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 Direction: On the basis of the below figure, Answer the following question.

How much do you have to pay to buy two ice creams and four toffees?

Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 2

Cost of two ice creams = 2 × ₹ 20 = ₹ 40
Cost of four toffees = 4 × ₹ 1 = ₹ 4
Therefore, You need ₹ 40 + ₹ 4 = ₹ 44

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Olympiad Test Level 2: Money - 2 - Question 3
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If one box of crayons costs ₹ 50, then how much money does Riya need to buy 3 such boxes?

Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 3

Cost of one box of crayons = ₹ 50 Cost of 3 such boxes = 3 × ₹ 50 = ₹ 150
Riya needs ₹ 150 to buy 3 crayon boxes.

Olympiad Test Level 2: Money - 2 - Question 4
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Shreya wants to buy aShe has ₹ 150. How much more money does she need to buy the doll?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 4

Shreya has ₹150
Cost of doll = ₹ 200
Amount of money Shreya needs more = ₹ 200 – ₹ 150 = ₹ 50

Olympiad Test Level 2: Money - 2 - Question 5
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Direction: On the basis of the below figure, Answer the following question.

Which of the following items can Ritu buy if she has three ₹ 20 notes and two ₹ 10 notes and that she should not be left with any money with her?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 5

Money Ritu has = 3 × ₹ 20 + 2 × ₹ 10 = ₹ 60 + ₹ 20 = ₹ 80
Ritu can buy a toy car with ₹ 80.

Olympiad Test Level 2: Money - 2 - Question 6
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How much cheaper is the ice – cream than the notebook?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 6

Cost of notebook = ₹ 50
Cost of ice cream = ₹ 20
Difference = ₹ 50 – ₹ 20 = ₹ 30
Therefore, ice cream is ₹ 30 cheaper than notebook.

Olympiad Test Level 2: Money - 2 - Question 7
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Mohit has ₹ 50. How much money will he get back?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 7

Mohit has ₹50
Cost of burger = ₹25
Money Mohit will get back
= ₹  50 –  ₹ 25 = ₹ 25

Olympiad Test Level 2: Money - 2 - Question 8
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How much money is shown here?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 8

₹ 50 + ₹ 20 + ₹ 5 + ₹ 1 = ₹ 76

Olympiad Test Level 2: Money - 2 - Question 9
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Cost of  is ₹ 20. How many toy cars Meeku can buy for ₹ 60?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 9

Cost of one toy car = ₹ 20
So, we can buy 3 cars

Olympiad Test Level 2: Money - 2 - Question 10
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Rita went to a shop. She had ₹ 10 with her. She purchased onepencil of ₹ 2 and twoerasers for ₹ 4. How much money is left with Rita?
Detailed Solution for Olympiad Test Level 2: Money - 2 - Question 10

Total amount Rita has = ₹ 10
Cost of pencil = ₹ 2
Cost of 2 erasers = ₹ 4
Money Rita spent = ₹ 2 + ₹ 4 = ₹ 6
Money left with Rita = ₹ 10 – ₹ 6 = ₹ 4

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