Money

12 Grade 5 Mathematics questions on Money, with worked marking schemes. 12 questions are available on this topic in full.

1. Question 1

   1 mark

   John has Ksh 5,000. He buys goods worth Ksh 3,840. What change does he receive?

   A. Ksh 1,260

   B. Ksh 2,160

   C. Ksh 1,060

   D. Ksh 1,160

   (1 mark)

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2. Question 2

   1 mark

   Divide Ksh 7,200 among 4 people equally. How much does each get?

   A. Ksh 1,800

   B. Ksh 1,600

   C. Ksh 2,400

   D. Ksh 2,000

   (1 mark)

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3. Question 3

   1 mark

   A shirt costs Ksh 850. Find the cost of 6 shirts.

   A. Ksh 5,400

   B. Ksh 4,800

   C. Ksh 5,000

   D. Ksh 5,100

   (1 mark)

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4. Question 4

   1 mark

   Mary earns Ksh 12,500 per month. She spends 3/5 of it. How much does she save?

   A. Ksh 4,500

   B. Ksh 5,000

   C. Ksh 6,000

   D. Ksh 7,500

   (1 mark)

   Marking scheme

   B. Ksh $5,000$ — if she spends $\frac{3}{5}$, she saves the other $\frac{2}{5}$: $\frac{2}{5}\times 12,500=5,000$. D is the amount spent.

5. Question 5

   1 mark

   Buying price: Ksh 2,000. Selling price: Ksh 1,750. What is the loss?

   A. Ksh 150

   B. Ksh 200

   C. Ksh 350

   D. Ksh 250

   (1 mark)

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6. Question 6

   1 mark

   An item costs Ksh 1,200 in a shop. The same item costs Ksh 950 online. How much is saved by buying online?

   A. Ksh 250

   B. Ksh 200

   C. Ksh 350

   D. Ksh 150

   (1 mark)

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7. Question 7

   1 mark

   A discount of 10% is given on an item priced Ksh 3,500. What is the selling price?

   A. Ksh 3,250

   B. Ksh 3,500

   C. Ksh 315

   D. Ksh 3,150

   (1 mark)

   Marking scheme

   D. Ksh $3,150$ — the discount is $10\%$ of $3,500=350$, and the selling price is what remains: $3,500-350=3,150$. C gives the discount with a digit misplaced, not the price.

8. Question 8

   1 mark

   A trader buys 20 items at Ksh 45 each and sells them at Ksh 60 each. Find the total profit.

   A. Ksh 300

   B. Ksh 900

   C. Ksh 1,200

   D. Ksh 150

   (1 mark)

   Marking scheme

   A. Ksh $300$ — find the profit on one item first, then scale up: $60-45=15$ each, and $15\times 20=300$. C is the total takings, not the profit.

9. Question 9

   3 marks

   John had Ksh $1000$. At the shop he bought sugar for Ksh $220$ and cooking oil for Ksh $365$. How much change did he receive?

   (3 marks)

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10. Question 10

    1 mark

    Buying price: Ksh 4,500. Selling price: Ksh 5,200. Find the profit.

    A. Ksh 500

    B. Ksh 800

    C. Ksh 600

    D. Ksh 700

    (1 mark)

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11. Question 11

    1 mark

    A shopkeeper bought 50 kg of tomatoes at Ksh 20 per kg and sold all at Ksh 30 per kg. What was the profit?

    A. Ksh 500

    B. Ksh 250

    C. Ksh 1,500

    D. Ksh 1,000

    (1 mark)

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12. Question 12

    1 mark

    Mary bought $3$ exercise books at Ksh $85$ each. How much money did she pay altogether?

    A. $Ksh265$

    B. $Ksh245$

    C. $Ksh255$

    D. $Ksh88$

    (1 mark)

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