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Q1. A pencil costs ₹ 5.50, and a notebook costs ₹ 12.75. How much will you pay for 2 pencils and 1 notebook?
(a) ₹ 23.75
(b) ₹ 18.25
(c) ₹ 20.50
(d) ₹ 25.00
Ans: (a) ₹ 23.75
Cost of 2 pencils = 5.50 × 2 = ₹ 11.00.
Cost of 1 notebook = ₹ 12.75.Total = 11.00 + 12.75 = ₹ 23.75.
Q2. Ravi has ₹ 100. He buys a toy for ₹ 45.25 and a snack for ₹ 18.50. How much money does he have left?
(a) ₹ 36.25
(b) ₹ 34.75
(c) ₹ 38.50
(d) ₹ 40.00
Ans: (a) ₹ 36.25
Total spent = 45.25 + 18.50 = ₹ 63.75.
Money left = 100.00 - 63.75 = ₹ 36.25.
Q3. A pack of chocolates costs ₹ 15.75. How much will 4 packs cost?
(a) ₹ 60.00
(b) ₹ 62.50
(c) ₹ 63.00
(d) ₹ 65.25
Ans: (c) ₹ 63.00
Total cost = 15.75 × 4 = ₹ 63.00 (15.75 × 4 = 63.00, place decimal after two digits from the right).
Q4. Suman buys a book for ₹ 85.50 and gives the shopkeeper a ₹ 100 note. How much change will she get back?
(a) ₹ 14.50
(b) ₹ 15.50
(c) ₹ 16.00
(d) ₹ 13.75
Ans: (a) ₹ 14.50
Change = 100.00 - 85.50 = ₹ 14.50.
Q5. A shopkeeper has ₹ 250.80. He sells a toy for ₹ 120.25 and a game for ₹ 95.75. How much money does he have left after paying for these items from his cash?
(a) ₹ 34.80
(b) ₹ 35.00
(c) ₹ 36.25
(d) ₹ 33.50
Ans: (a) ₹ 34.80
Total spent = 120.25 + 95.75 = ₹ 216.00.
Money left = 250.80 - 216.00 = ₹ 34.80.
Q6. A movie ticket costs ₹ 175.50, and 3 friends buy tickets. How much money do they pay in total?
(a) ₹ 525.50
(b) ₹ 526.50
(c) ₹ 527.50
(d) ₹ 528.00
Ans: (b) ₹ 526.50
Total cost = 175.50 × 3 = ₹ 526.50.
Q7. A bag of rice costs ₹ 240.00. If it is divided equally among 5 families, how much does each family pay?
(a) ₹ 48.00
(b) ₹ 50.00
(c) ₹ 46.50
(d) ₹ 45.75
Ans: (a) ₹ 48.00
Cost per family = 240.00 ÷ 5 = ₹ 48.00
Q8. Priya buys 2 pens for ₹ 9.25 each and a ruler for ₹ 6.50. She gives the shopkeeper a ₹ 50 note. How much change does she get back?
(a) ₹ 25.00
(b) ₹ 24.50
(c) ₹ 26.00
(d) ₹ 23.50
Ans: (b) ₹ 24.50
Cost of 2 pens = 9.25 × 2 = ₹ 18.50.
Total cost = 18.50 + 6.50 = ₹ 25.00.
Change = 50.00 - 25.00 = ₹ 24.50.
Q9. A shop sells juice for ₹ 12.50 per bottle. If 6 bottles are sold, how much money does the shop earn?
(a) ₹ 75.00
(b) ₹ 72.50
(c) ₹ 70.00
(d) ₹ 77.50
Ans: (a) ₹ 75.00
Total earnings = 12.50 × 6 = ₹ 75.00
Q10. Meena has ₹ 200. She buys a shirt for ₹ 125.75 and a cap for ₹ 45.25. How much money does she have left?
(a) ₹ 29.00
(b) ₹ 28.50
(c) ₹ 30.00
(d) ₹ 27.75
Ans: (a) ₹ 29.00
Total spent = 125.75 + 45.25 = ₹ 171.00.
Money left = 200.00 - 171.00 = ₹ 29.00.
The document Money | Math Olympiad for Class 5 is a part of the Class 5 Course Math Olympiad for Class 5.
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FAQs on Money - Math Olympiad for Class 5
| 1. What is the importance of money for students? |  |
| 2. How can students earn money while studying? | |
Ans. Students can earn money by taking up part-time jobs, offering tutoring services, babysitting, or engaging in online freelance work. These opportunities not only provide financial support but also help them develop skills like time management and responsibility.
| 3. What are some effective ways to save money for students? | |
Ans. Students can save money by creating a budget, avoiding unnecessary expenses, using student discounts, cooking at home instead of eating out, and finding affordable entertainment options. Setting savings goals can also motivate them to save consistently.
| 4. Why is it important to learn about financial literacy at a young age? | |
Ans. Learning about financial literacy at a young age is crucial as it equips students with the knowledge to make sound financial decisions. It helps them understand concepts like credit, debt, and investment, preparing them for a secure financial future and reducing the risk of poor financial habits.
| 5. What are some common mistakes students make with money? | |
Ans. Common mistakes students make include overspending on non-essentials, failing to create a budget, relying too heavily on credit cards, and not saving for emergencies. Recognizing these pitfalls can help them develop better financial habits and avoid debt in the long run.
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