Money

15 Grade 3 Mathematics questions on Money, with worked marking schemes. 15 questions are available on this topic in full.

1. Question 1

   2 marks

   A trader bought items for Ksh 3,500 and sold them for Ksh 4,200. Find the profit.

   (2 marks)

   Marking scheme

   Profit is how much more the trader sold for than he paid, so subtract the buying price from the selling price. (1)

   $4,200-3,500=700$. (1)

   Final answer: a profit of Ksh $700$.

2. Question 2

   2 marks

   4 exercise books cost Ksh 60. What is the cost of 1 exercise book?

   (2 marks)

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3. Question 3

   2 marks

   Subtract: Ksh 3,000 − Ksh 1,375 = ___

   (2 marks)

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4. Question 4

   1 mark

   Add: Ksh 1,250 + Ksh 875 = ___

   (1 mark)

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5. Question 5

   1 mark

   Juma has $50$ shillings. He buys a loaf of bread for $35$ shillings. How much change does he get?

   A. $15$ shillings

   B. $20$ shillings

   C. $85$ shillings

   D. $25$ shillings

   (1 mark)

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6. Question 6

   1 mark

   Convert Ksh 75 to cents.

   (1 mark)

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7. Question 7

   2 marks

   Buying price: Ksh 2,800. Selling price: Ksh 2,500. Find the loss.

   (2 marks)

   Marking scheme

   A loss happens when the selling price is below the buying price, so subtract the selling price from the buying price. (1)

   $2,800-2,500=300$. (1)

   Final answer: a loss of Ksh $300$.

8. Question 8

   2 marks

   A bag of sugar costs Ksh 180. Find the cost of 5 bags.

   (2 marks)

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9. Question 9

   3 marks

   Mrs Kamau spent Ksh 2,460 on food, Ksh 850 on transport and Ksh 1,200 on school fees. How much did she spend altogether?

   (3 marks)

   Marking scheme

   "Altogether" means add all three amounts she spent. (1)

   Add the first two: $2,460+850=3,310$. (1)

   Now add the third: $3,310+1,200=4,510$. (1)

   Final answer: Ksh $4,510$.

10. Question 10

    2 marks

    Find the change from Ksh 1,000 after spending Ksh 647.

    (2 marks)

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11. Question 11

    3 marks

    Tom earns Ksh 8,500 per month. He saves Ksh 2,000 per month. How much does he save in 6 months?

    (3 marks)

    Marking scheme

    He saves the same amount every month, so multiply the monthly saving by the number of months. The Ksh $8,500$ he earns is not needed here. (1)

    $2,000\times 6=12,000$. (1)

    Final answer: Ksh $12,000$.

12. Question 12

    2 marks

    A pencil costs Ksh 15. How much do 8 pencils cost?

    (2 marks)

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13. Question 13

    2 marks

    A shopkeeper sells pens at $20$ shillings each. How much money will he get for selling $3$ pens?

    (2 marks)

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14. Question 14

    2 marks

    Aisha has Ksh 500. She buys a book for Ksh 175. How much change does she get?

    (2 marks)

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15. Question 15

    3 marks

    Mary buys $2$ kg of rice at $130$ shillings for each kilogram. How much does she pay in total?

    (3 marks)

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