Money

14 Grade 4 Mathematics questions on Money, with worked marking schemes. 14 questions are available on this topic in full.

1. Question 1

   1 mark

   Buying price: Ksh 2,400. Selling price: Ksh 3,000. What is the profit?

   A. Ksh 500

   B. Ksh 700

   C. Ksh 400

   D. Ksh 600

   (1 mark)

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2. Question 2

   1 mark

   Divide Ksh 3,600 equally among 9 people.

   A. Ksh 400

   B. Ksh 450

   C. Ksh 500

   D. Ksh 300

   (1 mark)

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3. Question 3

   1 mark

   Mary buys an exercise book for Ksh $85$ and a pen for Ksh $45$. How much does she pay altogether?

   A. $Ksh130$

   B. $Ksh125$

   C. $Ksh120$

   D. $Ksh140$

   (1 mark)

   Marking scheme

   A. Ksh $130$ — 'altogether' means add the two prices: $85+45=130$. The ones make $5+5=10$, so a ten is carried.

4. Question 4

   1 mark

   Find the total cost: 3 books at Ksh 120 each + 2 pens at Ksh 25 each.

   A. Ksh 360

   B. Ksh 460

   C. Ksh 410

   D. Ksh 390

   (1 mark)

   Marking scheme

   C. Ksh $410$ — work out each kind separately, then add: $3\times 120=360$ and $2\times 25=50$, giving $410$. A leaves out the pens.

5. Question 5

   1 mark

   A shopkeeper bought 8 items at Ksh 75 each and sold them at Ksh 90 each. Total profit?

   A. Ksh 100

   B. Ksh 150

   C. Ksh 80

   D. Ksh 120

   (1 mark)

   Marking scheme

   D. Ksh $120$ — find the profit on one item first: $90-75=15$, then $15\times 8=120$. Multiplying the selling price by $8$ gives the takings, not the profit.

6. Question 6

   1 mark

   Ksh 5,000 is shared: 1/4 goes to rent, rest is savings. How much is savings?

   A. Ksh 2,500

   B. Ksh 3,750

   C. Ksh 4,000

   D. Ksh 1,250

   (1 mark)

   Marking scheme

   B. Ksh $3,750$ — the rent is $5,000÷4=1,250$, and savings are what is left: $5,000-1,250=3,750$. D gives the rent rather than the savings.

7. Question 7

   2 marks

   A trader had Ksh $500$. She bought a packet of maize flour for Ksh $180$. How much money was she left with?

   (2 marks)

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8. Question 8

   1 mark

   Susan saved Ksh 350 per week. How much did she save in 8 weeks?

   A. Ksh 2,400

   B. Ksh 2,800

   C. Ksh 2,600

   D. Ksh 3,200

   (1 mark)

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9. Question 9

   1 mark

   Buying price: Ksh 1,500. Selling price: Ksh 1,350. What is the loss?

   A. Ksh 100

   B. Ksh 50

   C. Ksh 150

   D. Ksh 250

   (1 mark)

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10. Question 10

    1 mark

    Three friends share Ksh 1,500 equally. How much does each get?

    A. Ksh 400

    B. Ksh 500

    C. Ksh 450

    D. Ksh 600

    (1 mark)

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11. Question 11

    1 mark

    A dozen (12) oranges cost Ksh 48. Find the cost of 1 orange.

    A. Ksh 5

    B. Ksh 6

    C. Ksh 4

    D. Ksh 3

    (1 mark)

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12. Question 12

    1 mark

    What is the selling price if buying price is Ksh 800 and profit is Ksh 250?

    A. Ksh 900

    B. Ksh 950

    C. Ksh 1,150

    D. Ksh 1,050

    (1 mark)

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13. Question 13

    1 mark

    Anna has Ksh 2,500. She buys a dress for Ksh 1,680. Change?

    A. Ksh 720

    B. Ksh 920

    C. Ksh 820

    D. Ksh 620

    (1 mark)

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14. Question 14

    1 mark

    A pen costs Ksh 35. What is the cost of 9 pens?

    A. Ksh 305

    B. Ksh 325

    C. Ksh 315

    D. Ksh 295

    (1 mark)

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