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CBSE Class 3  >  Class 3 Test  >  Mathematics Olympiad  >  Olympiad Test Level 1: Money - Class 3 MCQ

Olympiad Test Level 1: Money Class 3 Mathematics MCQs & solutions - Free


MCQ Practice Test & Solutions: Olympiad Test Level 1: Money (20 Questions)

You can prepare effectively for Class 3 Mathematics Olympiad for Class 3 with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Olympiad Test Level 1: Money". These 20 questions have been designed by the experts with the latest curriculum of Class 3 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 40 minutes
  • - Number of Questions: 20

Sign up on EduRev for free to attempt this test and track your preparation progress.

Olympiad Test Level 1: Money - Question 1
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The cost of a remote and a wire is ₹ 170. If the cost of the wire is ₹ 50, then find the cost of the remote ?

Detailed Solution: Question 1

Cost of remote = ₹ 170 – ₹ 50 = ₹ 120

Olympiad Test Level 1: Money - Question 2
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A bag costs twice a bottle. If a bottle costs ₹ 10, then find the cost of 15 such bags.

Detailed Solution: Question 2

Cost of 15 bags = ₹ 10 × 2 × 15 = ₹ 300

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Olympiad Test Level 1: Money - Question 3
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Compare and fill in the blank. ₹ 2,436 ÷ 6 ________ ₹ 5,705 – ₹ 2,721

Detailed Solution: Question 3

First, calculate both sides of the comparison:

  1. ₹2,436 ÷ 6 = ₹406
  2. ₹5,705 – ₹2,721 = ₹2,984

Now, compare:

406 < 2,984

So, the correct symbol is "<".

Answer: Option C: <

Olympiad Test Level 1: Money - Question 4
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Madan has ₹ 500 to buy a hat. The cost of the hat is ₹ 125. How many hats can he buy ?

Detailed Solution: Question 4

So, here, Number of hats madan can buy is 500/125= 4

Olympiad Test Level 1: Money - Question 5
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Mr. Kapoor went to the amusement park with his wife and two children. Both children took a Swing Ride and Merry-Go-Round. Only the adults in the family took a Water Ride. How much did it cost to them ?

Ride Rentals

{Per Person}

Water Ride ₹ 45

Merry-Go-Round ₹ 30

Swing Ride ₹ 25

Detailed Solution: Question 5

  • Kids each took Swing Ride (₹25) and Merry-Go-Round (₹30): 2×25 + 2×30 = ₹110
  • Adults each took Water Ride (₹45): 2×45 = ₹90
  • Combined cost = ₹110 + ₹90 = ₹200 (option C)

Olympiad Test Level 1: Money - Question 6
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Arman bought three items shown here. What was the total cost of these three items ?

Detailed Solution: Question 6

So the total amount is,

₹20 + ₹10 + ₹5 = ₹35

Olympiad Test Level 1: Money - Question 7
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Find the sum of ₹ 343.35, ₹ 175.50 and ₹ 8.55.

Detailed Solution: Question 7

The sum is,

= ₹343.35 + ₹175.50 + ₹8.55

= ₹ 527.40

Olympiad Test Level 1: Money - Question 8
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Raju distributed ₹ 124.80 equally among 8 boys. How much did each boy get ?

Detailed Solution: Question 8

Each boy will get, 124.80/8 = ₹15.60

Olympiad Test Level 1: Money - Question 9
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How many coins are obtained by converting ₹ 114 into 20-paise coins ?

Detailed Solution: Question 9

₹114 = 11400 paise

So, 11400/20 = 570

Olympiad Test Level 1: Money - Question 10
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How much paise is there in ₹ 5.50 ?

Detailed Solution: Question 10

₹5.50 = 5.50*100 = 550 paise

Olympiad Test Level 1: Money - Question 11
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Anish spends ₹ 89 to buy 5 chocolates and 2 pens. If chocolate costs ₹ 15 each, then find the cost of 1 such pen.

Detailed Solution: Question 11

Cost of 1 chocolates = ₹ 15

Cost of 5 chocolates = 15 × 5 = 75

Anish spent = ₹ 89

Cost of 2 pens = ₹ 89 – ₹ 75

= ₹ 14

Cost of 1 pens = ₹ 14/2 = ₹ 7

Olympiad Test Level 1: Money - Question 12
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A calculator costs ₹ 145. How many calculators can be purchased for ₹ 1,234 if one book is also purchased for ₹ 74 along with ?

Detailed Solution: Question 12

Total money spent on

calculators = ₹ 1,234 – ₹ 74 = ₹ 1,160

Cost of one calculator = ₹1160/₹145

= ₹ 8

Olympiad Test Level 1: Money - Question 13
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Peter had ₹ 55. He bought a book for ₹ 24.50. How much money does he have now ?

Detailed Solution: Question 13

Money left = ₹ 55 – ₹ 24.50 = ₹ 30.50

Olympiad Test Level 1: Money - Question 14
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Divide ₹ 680.60 into 6 equal parts.

Detailed Solution: Question 14

Each part = ₹680.60/6 = ₹113.43.

Olympiad Test Level 1: Money - Question 15
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Riya has ₹ 1,350. She purchased the items given below. How much money is left with her after shopping ?

Detailed Solution: Question 15

Amount spent = ₹ 499 + ₹ 105 + ₹ 645

= ₹ 1,249

Amount left = ₹ 1,350 – ₹ 1,249

= ₹ 101

Olympiad Test Level 1: Money - Question 16
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46 students from Class-3 contributed ₹ 2,300 for the Diwali Party. How much money did one student contribute, if each student contributed an equal amount ?

Detailed Solution: Question 16

Contribution of each student = ₹ 2300/46 = ₹50

Olympiad Test Level 1: Money - Question 17
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Shanaya bought 2 kg potatoes, 1 kg radish and 1/2 kg apple. How much did she get back, if she gave ₹ 500 to the shopkeeper ?

Detailed Solution: Question 17

Amount spent

= (2 × ₹ 55) + (1 × ₹ 65) + 1/2× (₹90)

= ₹ 110 + ₹ 65 + ₹ 45 = ₹ 220

So, amount of money Shanaya got back = ₹ 500 – ₹ 220 = ₹ 280

Olympiad Test Level 1: Money - Question 18
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The cost of a bat is two times the cost of a watch. The cost of a bat is ₹ 500. Find the amount spent by Rajat, if he buys two bats and three watches.

Detailed Solution: Question 18

Cost of a bat = ₹ 500

Cost of a watch = ₹ 500/ 2= ₹ 250

Total cost of two bats and three watches = (₹ 500 × 2) + (₹ 250 × 3)

= ₹ 1,000 + ₹ 750 = ₹ 1,750

Olympiad Test Level 1: Money - Question 19
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Suman bought 4 dresses at ₹ 1,305 each. How much did she pay in all for the dresses ?

Detailed Solution: Question 19

Total amount paid = ₹ 1,305 × 4 = ₹ 5,220

Olympiad Test Level 1: Money - Question 20
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The total amount of money shown in the figure is ____.

Detailed Solution: Question 20

The total amount of money shown in the figure is 
₹ 2 + ₹ 5 + ₹ 50 + ₹ 100 + ₹ 20 + ₹ 10 = ₹ 187.

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About this Class 3 Practice Test

This test contains 20 MCQs on Olympiad Test Level 1: Money with detailed solutions for each question. It is part of the Mathematics Olympiad for Class 3 course on EduRev, designed to align with the current Class 3 syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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