Money — Chapter Test | Class 5 IMO

Q1

There is a profit when ___ ?

Profit happens when the selling price is more than the cost price.

Q2

Simple interest = P × R × T ÷ ___ ?

SI = (P × R × T) ÷ 100.

Q3

If 1 pen costs ₹12, what do 6 pens cost?

6 × 12 = ₹72.

Q4

What is a 10% discount on ₹200?

10% of 200 = ₹20.

Q5

CP = ₹80, SP = ₹100. What is the profit?

Profit = 100 − 80 = ₹20.

Q6

CP = ₹100, SP = ₹125. What is the profit percent?

Profit = ₹25; profit% = (25 ÷ 100) × 100 = 25%.

Q7

CP = ₹200, SP = ₹160. What is the loss percent?

Loss = ₹40; loss% = (40 ÷ 200) × 100 = 20%.

Q8

Find the SI on ₹1000 at 5% for 2 years.

SI = (1000 × 5 × 2) ÷ 100 = ₹100.

Q9

Find the SI on ₹2000 at 10% for 1 year.

SI = (2000 × 10 × 1) ÷ 100 = ₹200.

Q10

4 kg of apples cost ₹240. What do 6 kg cost?

1 kg = ₹60, so 6 kg = ₹360.

Q11

A shirt costs ₹600 with a 25% discount. How much do you pay?

25% of 600 = ₹150 off, so you pay ₹450.

Q12

An item is bought for ₹500 and sold for ₹650. What is the profit?

Profit = 650 − 500 = ₹150.

Q13

Find the SI on ₹1500 at 8% for 2 years.

SI = (1500 × 8 × 2) ÷ 100 = ₹240.

Q14

An item with CP ₹400 is sold at a 25% profit. What is the selling price?

Profit = 25% of 400 = ₹100, so SP = 400 + 100 = ₹500.