Class 5, Money -MCQs

MCQs: Money

Important Facts
1 Rupee = 100 Paise
Cost Price + Profit = Selling Price
Selling Price − Cost Price = Profit
Cost Price − Selling Price = Loss

1. How many paise are there in ₹7?

70 paise 700 paise 7000 paise 77 paise

1 Rupee = 100 paise
7 × 100 = 700 paise

2. Convert ₹15.50 into paise.

1550 paise 150 paise 155 paise 15500 paise

₹1 = 100 paise
15.50 × 100 = 1550 paise

3. Riya buys a book for ₹120 and sells it for ₹150. What is her profit?

₹20 ₹30 ₹270 ₹150

Profit = Selling Price − Cost Price
= 150 − 120 = ₹30

4. If a pen costs ₹35 and is sold for ₹28, what is the loss?

₹7 ₹63 ₹28 ₹35

Loss = Cost Price − Selling Price
= 35 − 28 = ₹7

5. What will be the selling price if cost price is ₹250 and profit is ₹40?

₹290 ₹210 ₹250 ₹40

Selling Price = Cost Price + Profit
= 250 + 40 = ₹290

6. A toy is sold for ₹180 at a loss of ₹20. What is its cost price?

₹160 ₹200 ₹180 ₹20

Cost Price = Selling Price + Loss
= 180 + 20 = ₹200

7. Which of the following represents profit?

CP − SP SP − CP CP + SP SP × CP

Profit = Selling Price − Cost Price

8. Convert 350 paise into rupees.

₹3.50 ₹35 ₹0.35 ₹350

100 paise = ₹1
350 ÷ 100 = ₹3.50

9. If the selling price and cost price are equal, the result is:

No profit, no loss Profit Loss Double profit

When SP = CP, there is no profit and no loss

10. A bag costs ₹450 and is sold for ₹500. What is the profit?

₹50 ₹950 ₹450 ₹500

Profit = SP − CP
= 500 − 450 = ₹50