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Olympiad Test Level 2: Money Class 3 Mathematics MCQs & solutions - Free


MCQ Practice Test & Solutions: Olympiad Test Level 2: Money (10 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 2: Money". These 10 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: 20 minutes
  • - Number of Questions: 10

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Olympiad Test Level 2: Money - Question 1

Peter bought a bag for ₹ 45.75 and an instrument for ₹ 23.25. How much money would he pay if the shopkeeper gives a discount of ₹ 4.57 for a bag ?

Detailed Solution: Question 1

Amount paid = ₹ 45.75 + ₹ 23.25 – ₹ 4.57 = ₹ 64.43

Olympiad Test Level 2: Money - Question 2

Five coins of ₹ 10 is equivalent to ___________.

Detailed Solution: Question 2

₹ 10 × 5 = ₹ 50

Olympiad Test Level 2: Money - Question 3

Michael bought a gas stove for ₹ 850, a gas cylinder for ₹ 785. How much money did he spend ?

Detailed Solution: Question 3

Amount spent

₹ 850 + ₹ 785 = ₹ 1,635

Olympiad Test Level 2: Money - Question 4

The cost of 8 chairs is ₹ 136 and cost of 7 tables is ₹ 175. What will be the total cost ?

Detailed Solution: Question 4

Total cost = ₹ 136 + ₹ 175 = ₹ 311

Olympiad Test Level 2: Money - Question 5

What will be the total amount of 3 chairs and 2 tables, if the cost of 1 chair and 1 table are ₹ 230 and ₹ 300 respectively ?

Detailed Solution: Question 5

Total cost

= (₹ 230 × 3) + (₹ 300 × 2)

= ₹ 690 + ₹ 600

= ₹ 1,290

Olympiad Test Level 2: Money - Question 6

Observe the following rate list.

Find the cost of 1 plate of Fried Rice, 1 plate of Butter Paneer and 1 cup of curd.

Detailed Solution: Question 6

Total cost = ₹ 230 + ₹ 175 + ₹ 35 = ₹ 440

Olympiad Test Level 2: Money - Question 7

Total value of the coins shown here is ________.

Detailed Solution: Question 7

5 × 25 paise + 4 × ₹ 1

= 125 paise + ₹ 4

= ₹ 125 paise + ₹ 4

= ₹ 5.25

Olympiad Test Level 2: Money - Question 8

In a class, there are 8 students. If each student contributed ₹ 56 for a picnic party, how much money was collected ?

Detailed Solution: Question 8

Total amount = 8 × ₹ 56 = ₹ 448

Olympiad Test Level 2: Money - Question 9

Which of the following options shows the correct amount of money as the cost of a given umbrella ?

Detailed Solution: Question 9

₹ 200 + ₹ 100 + ₹ 10 + ₹ 10 + ₹ 5 = ₹ 325

Olympiad Test Level 2: Money - Question 10

Manan bought a pen, a book and two erasers. If he had ₹ 2,000 note, then how much money did he receive in change ?

Cost of book=225

Cost of a pen=100

cost of eraser= 20

 

Detailed Solution: Question 10

Money left
= ₹ 2,000 – (₹ 100 + ₹ 20 + ₹ 20 + ₹ 225)
= ₹ 2,000 – ₹ 365 = ₹ 1,635

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