Financial Literacy Test Worksheet
The method (Read, plan, check): Name the type of question: count, change, bill, better buy, discount, budget, saving, interest, profit, passbook or safety. Use the method from that lesson and work step by step. Check: change is less than the money paid, a discount makes the price smaller, needs come before wants.
NameDateTime takenScore ___ / 40
- 1.Isha’s class stall spends ₹200 to make 14 greeting cards and sells all of them at ₹10 each. What is the loss (in ₹)?
- 2.Sneha spends ₹230 to start a stall and sells each cupcake for ₹25. What is the smallest number Sneha must sell to get back the ₹230?
- 3.A stall pays ₹18 for each plate of bhel and sells each one for ₹27. It sells 40 plates of bhel. What is the total profit (in ₹)?
- 4.Diya is making a shopping list. Which of these is a want? (a) a schoolbag (b) notebooks for school (c) a bigger TV (d) toothpaste
- 5.Shop A sells 2 cricket balls for ₹230. Shop B sells 4 cricket balls for ₹440. Which shop is cheaper for one cricket ball? (a) Shop B (b) Shop A
- 6.How many paise are there in ₹11?
- 7.Pooja sells 39 plates of bhel at ₹15 each. How many rupees does Pooja get?
- 8.Shop A sells 2 notebooks for ₹60. Shop B sells 4 notebooks for ₹200. Which shop is cheaper for one notebook? (a) Shop B (b) Shop A
- 9.Isha keeps ₹300 in a bank at 10% simple interest per year. How many rupees of interest does it earn in 1 year?
- 10.Which coins and notes make exactly ₹107? (a) 100 + 5 + 2 (b) 100 + 2 + 1 (c) 100 + 10 + 5
- 11.Karan has 7 notes of ₹20. Isha has 3 coins of ₹2. Who has less money? (a) Isha (b) Karan
- 12.Pooja has a budget of ₹2000 for a birthday party. The return gifts cost ₹40, the balloons cost ₹420 and the cake cost ₹80. How many rupees are left?
- 13.Rahul has 3 notes of ₹50. How many rupees does Rahul have?
- 14.One cricket ball costs ₹135. How much do 8 cricket balls cost (in ₹)?
- 15.Nisha has ₹12. A biscuit packet costs ₹10. Does Nisha have enough money to buy it? (a) No (b) Yes
- 16.22 children go on a school trip to the planetarium. The bus costs ₹80 for each child and the ticket costs ₹45 for each child. What is the total cost (in ₹)?
- 17.Joseph has ₹29 in a piggy bank. Dadi gives Joseph ₹38 more. How many rupees does Joseph have now?
- 18.Sneha wants to save ₹480 for a storybook set in 8 weeks, the same amount each week. How many rupees must Sneha save each week?
- 19.A 2 kg bag of sugar costs ₹92. A 5 kg bag costs ₹205. Which bag is cheaper per kg? (a) 5 kg bag (b) 2 kg bag
- 20.How many ₹2 coins make a ₹20 coin?
- 21.Rohan has a budget of ₹2000 for a birthday party. The return gifts cost ₹500, the juice cost ₹40 and the snacks cost ₹430. How many rupees are left?
- 22.How many ₹2 coins make a ₹10 coin?
- 23.Shop A sells 5 samosas for ₹60. Shop B sells 3 samosas for ₹57. What does one samosa cost at the cheaper shop (in ₹)?
- 24.A jigsaw puzzle costs ₹97. Saanvi has ₹20 and ₹5. How many more rupees does Saanvi need?
- 25.Saanvi keeps ₹800 in a bank. After 2 years the simple interest is ₹128. What is the rate of interest per year (in %)?
- 26.Rahul is making a shopping list. Which of these is a want? (a) a raincoat (b) a bigger TV (c) a schoolbag (d) school shoes
- 27.One biscuit packet costs ₹19. A pack of 3 biscuit packets costs ₹55. How many rupees do you save by buying the pack instead of 3 single ones?
- 28.Joseph buys a notebook for ₹45 and pays with a ₹100 note. How much change does Joseph get (in ₹)?
- 29.Shop A sells 3 mangoes for ₹120. Shop B sells 4 mangoes for ₹100. What does one mango cost at the cheaper shop (in ₹)?
- 30.A 2 kg bag of potatoes costs ₹46. A 1 kg bag costs ₹40. How many rupees per kg do you save with the cheaper bag?
- 31.What do 5 cricket balls at ₹115 each and 4 pens at ₹14 each cost in all (in ₹)?
- 32.One plate of idli costs ₹45. How much do 4 plates of idli cost (in ₹)?
- 33.Aditya buys a cricket ball for ₹135 and a football for ₹280, and pays with a ₹500 note. How much change does Aditya get (in ₹)?
- 34.One paper clip costs ₹1.50. How many rupees do 7 paper clips cost? =
- 35.A 2 kg bag of potatoes costs ₹42. A 10 kg bag costs ₹250. How many rupees per kg do you save with the cheaper bag?
- 36.Gurpreet wants to save ₹420 for an art kit in 7 weeks, the same amount each week. How many rupees must Gurpreet save each week?
- 37.₹1000 earns 7% simple interest per year. In how many years will the interest be ₹140?
- 38.A glue stick costs ₹15 and a sticker sheet costs ₹11. How many rupees more does the glue stick cost?
- 39.Rohan makes 5 friendship bands an hour and sells each one for ₹25. How many rupees can Rohan earn from 2 hours of work?
- 40.Rahul spends ₹160 on things to make 30 friendship bands and sells them all at ₹10 each. How many rupees does Rahul earn after paying the costs?
Answer key
- 60
- 10
- 360
- a bigger TV
- Shop B
- 1100
- 585
- Shop A
- 30
- 100 + 5 + 2
- Isha
- 1460
- 150
- 1080
- Yes
- 2750
- 67
- 60
- 5 kg bag
- 10
- 1030
- 5
- 12
- 72
- 8
- a bigger TV
- 2
- 55
- 25
- 17
- 631
- 180
- 85
- 10.5
- 4
- 60
- 2
- 4
- 250
- 140
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