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CTET & State TET Exam  >  CTET & State TET Tests  >  Test: Money - 4 - CTET & State TET MCQ

Test: Money - 4 - CTET & State TET MCQ


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20 Questions MCQ Test - Test: Money - 4

Test: Money - 4 for CTET & State TET 2024 is part of CTET & State TET preparation. The Test: Money - 4 questions and answers have been prepared according to the CTET & State TET exam syllabus.The Test: Money - 4 MCQs are made for CTET & State TET 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Money - 4 below.
Solutions of Test: Money - 4 questions in English are available as part of our course for CTET & State TET & Test: Money - 4 solutions in Hindi for CTET & State TET course. Download more important topics, notes, lectures and mock test series for CTET & State TET Exam by signing up for free. Attempt Test: Money - 4 | 20 questions in 20 minutes | Mock test for CTET & State TET preparation | Free important questions MCQ to study for CTET & State TET Exam | Download free PDF with solutions
Test: Money - 4 - Question 1
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Choose odd one out

Detailed Solution for Test: Money - 4 - Question 1

Note or coin of Rs. 30 does not exist in India.

Test: Money - 4 - Question 2
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What is the total of following notes? 

RBI: Old notes of 5, 10 and 100 rupees will not run from March - informalnewz

Detailed Solution for Test: Money - 4 - Question 2

The total amount of these notes are Rs. 100 + Rs. 50 + Rs. 20 + Rs. 10 + Rs. 5 = Rs.185.

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Test: Money - 4 - Question 3
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Rahul has Rs. 20 in his Piggy Bank. He wants to purchase two pencils worth Rs. 6. One candy of Rs. 1 and two chocolates of Rs. 10. How much money will be left in his Piggy Bank after purchasing these items?

Detailed Solution for Test: Money - 4 - Question 3

Price of two pencils, one candy and two chocolate will be Rs. (6 + 1 + 10) = Rs.17. So, remaining amount in Piggy Bank = Rs. (20 - 17) = Rs.3.

Test: Money - 4 - Question 4
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How much cheaper is the handkerchief than the ice-cream? 
Detailed Solution for Test: Money - 4 - Question 4

Ice-cream costs Rs. 10 and handkerchief costs Rs. 6. So handkerchief is Rs. 4 cheaper than the ice-cream.

Test: Money - 4 - Question 5
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Which of the given notes is of least value?
 
Detailed Solution for Test: Money - 4 - Question 5


Has least value.

Test: Money - 4 - Question 6
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Mohan has four Rs. 5 coins, out of which he gave 3 Rs. 5 coins to buy a toy. How much money, he is left with?
Detailed Solution for Test: Money - 4 - Question 6

4 Rs. 5 coins, = ? 
20. 3 coins of Rs. 5 = Rs. 15.

3 coins =

He is left with 

 

 

Test: Money - 4 - Question 7
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Deepak purchased a T-shirt worth rupees four hundred. Which of the following represents this amount?
Detailed Solution for Test: Money - 4 - Question 7

He will pay Rs.400 for buying the T-Shirt.

Test: Money - 4 - Question 8
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Cost of three items are Rs. 7, Rs. 9 and Rs. 3 respectively. Find the total cost of 3 items?
Detailed Solution for Test: Money - 4 - Question 8

   Rs.7 + Rs.9 = Rs.16 Rs.16 + Rs.3 = Rs.19.       

Test: Money - 4 - Question 9
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Study the given information and answer the following questions. Bala put Rs. 1 into his Piggy Bank on the first day. He put Rs. 2 on the second day, Rs. 3 on the third and Rs. 4 on fourth day.  How much money does Bala have in his Piggy Bank after 4 days?
Detailed Solution for Test: Money - 4 - Question 9

Rs. (1+2+3+4)= Rs.10.

Test: Money - 4 - Question 10
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Identify the total value of the following combination of money? 50p, Rs.2, Rs.10, Rs.5, 50p, 50p
Detailed Solution for Test: Money - 4 - Question 10

Total value of the combination of money is Rs. 18. 50 p.

Test: Money - 4 - Question 11
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A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.
Detailed Solution for Test: Money - 4 - Question 11

Let the new S.P. be x, then.
(100 - loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)
=>(951140=105x)=>x=1260

Test: Money - 4 - Question 12
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If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?
Detailed Solution for Test: Money - 4 - Question 12

Least Cost Price = Rs. (200 * 8) = Rs. 1600.
Greatest Selling Price = Rs. (425 * 8) = Rs. 3400.
Required profit = Rs. (3400 - 1600) = Rs. 1800.

Test: Money - 4 - Question 13
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If the cost price is 25% of selling price. Then what is the profit percent.
Detailed Solution for Test: Money - 4 - Question 13

Let the S.P = 100
then C.P. = 25
Profit = 75
Profit% = 75/25 * 100 = 3005

Test: Money - 4 - Question 14
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Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is
Detailed Solution for Test: Money - 4 - Question 14

Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100
Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800
Profit = 5800 - 5500 = 300

Test: Money - 4 - Question 15
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The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is
Detailed Solution for Test: Money - 4 - Question 15

Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.
S.P. of x articles = Rs. 20.
Profit = Rs. (20 - x).
20 - x x 100 = 25
x
2000 - 100x = 25x
125x = 2000
x = 16.

Test: Money - 4 - Question 16
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A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent
Detailed Solution for Test: Money - 4 - Question 16

So we have C.P. = 27.50
S.P. = 28.60
Gain = 28.60 - 27.50 = Rs. 1.10
Gain%=(GainCost*100)%=(1.1027.50*100)%=4%

Test: Money - 4 - Question 17
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A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.
Detailed Solution for Test: Money - 4 - Question 17

We know, C.P. = 5000
S.P. = 4000
Loss = 5000 - 4000 = 1000
Loss%=(LossCost*100)%=(10005000*100)%=20%

Test: Money - 4 - Question 18
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Souvik purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.
Detailed Solution for Test: Money - 4 - Question 18

Please note in this type of questions, get the value of 1 kg to solve this question, lets solve it.
C.P. of 1 Kg = 420/70 = Rs. 6
Selling Price = 6.50
Gain = Rs. 0.50

Test: Money - 4 - Question 19
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A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
Detailed Solution for Test: Money - 4 - Question 19


Test: Money - 4 - Question 20
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The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x
Detailed Solution for Test: Money - 4 - Question 20

Let the Cost Price of one article = Rs. 1
CP of x articles = Rs. x
CP of 20 articles = 20
Selling price of x articles = 20
Profit = 25% [Given]

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