Students often refer to Kerala State Syllabus SCERT Class 6 Maths Solutions and Class 6 Maths Chapter 7 Money Math Questions and Answers Notes Pdf to clear their doubts.
SCERT Class 6 Maths Chapter 7 Solutions Money Math
Class 6 Kerala Syllabus Maths Solutions Chapter 7 Money Math Questions and Answers
Money Math Class 6 Questions and Answers Kerala Syllabus
Discount
In-text Questions (Page Number 103)
Question 1.
See this ad:

Fill in the table below by computing the deduction for each purchase and the amount to be paid.

Answer:

Interest
In-text Questions (Page Number 105)
Question 1.
See this news item:

See the amounts some people have deposited in this bank:

Calculate the interest and the total amount each would get back after one year.
Answer:
1. Ash
Deposited amount = ₹ 15000, interest = 9%
15000 = 150 × 100
Interest = 150 × 9 = ₹ 1350
Amount to be received = 15000 + 1350 = ₹ 16350
2. Suma
Deposited amount = ₹ 25000, interest = 9%
25000 = 250 × 100
Interest = 250 × 9 = ₹ 2250
Amount to be received = 25000 + 2250 = ₹ 27250
3. Niharika
Deposited amount = ₹ 37500, interest = 9%
37500 = 375 × 100
Interest = 375 × 9 = ₹ 3375
Amount to be received = 37500 + 3375 = ₹ 40875
4. Vihan
Deposited amount = ₹ 12500, interest = 9%
12500 = 125 × 100
Interest = 125 × 9 = ₹ 1125
Amount to be received = 12500 + 1125 = ₹ 13625
5. Ahi
Deposited amount = ₹ 22500, interest = 9%
22500 = 225 × 100
Interest = 225 × 9 = ₹ 2025
Amount to be received = 22500 + 2025 = ₹ 24525

Interest (Page Number 106)
Question 1.
See the board in front of the shop:

Sreesha bought clothes worth 3500 rupees from this shop. How much should she pay?
Answer:
The price of the books that Sreesha bought = ₹ 3500
Discount = 25% (25 for every 100)
3500 = 35 × 100
Discount = 35 × 25 = ₹ 875
Amount to be paid = 3500 – 875 = ₹ 2625
Question 2.
Angelo Tomy borrowed 45000 rupees from a bank. The interest is 12%. How much should he pay back after one year?
Answer:
Borrowed amount = ₹ 45000
Rate of interest = 12%
45000 = 450 × 100
Interest = 450 × 12 = ₹ 5400
Amount to be repaired = 45000 + 5400 = ₹ 50400
Question 3.
Mehul contributes 8% of his earnings each month to medical aid for the poor. His income this month is 75000 rupees. How much is his contribution this month?
Answer:
His income = ₹ 75000
Giving contribution = 8%
75000 = 750 × 100
Contribution = 750 × 8 = ₹ 6000
Question 4.
Eugene saves 15% of his income each month. His income in January was ₹ 64000 rupees. How much did he save that month?
Answer:
His income = ₹ 64000
Saving amount = 15%
64000 = 640 × 100
Saving = 640 × 15 = ₹ 9600
Question 5.
A TV manufacturer decides to reduce the price by 5% from next month. What will be the price next month of a TV that costs 45000 rupees right now?
Answer:
Current price = ₹ 45,000
Discount = 5%
45000 = 450 × 100
Discount = 450 × 5 = ₹ 2,250
Next month’s price of the TV = 45,000 – 2,250 = ₹ 42,750
Question 6.
A car manufacturer decides to increase the price by 2% from next month. What will be the price next month of a car that costs 5,60,000 rupees?
Answer:
Current price of the car = ₹ 5,60,000
Higher price = 2%
560000 = 5,600 × 100
Higher price = 5,600 × 2 = ₹ 11,200
Price of next month = 5,60,000 + 11,200 = ₹ 5,71,200.
Percent Problems (Page Number 110)
Question 1.
At the book’s Festival, all books are given 15% discount. See the prices of book Sreena and her friends bought:

Calculate how much each has to pay.
Answer:
Sreena
Price of the book = ₹ 540
540 = 500 + 40
Discount for 500 rupees = 5 × 15 = ₹ 75
Since the reduction for 10 rupees is 1 rupee 50 paise
The discount for 40 rupees = ₹ 6
Total = 75 + 6 = ₹ 81
Amount to be paid = 540 – 81 = ₹ 459
Tessy
Price of the book = ₹ 375
375 = 300 + 50 + 25
Discount for 300 rupees = 3 × 15 = ₹ 45
Discount for 50 rupees = half of 15 = ₹ 7.50
Discount for 25 rupees = half of ₹ 7.50 = ₹ 3.75
Total = 45 + 7.50 + 3.75 = ₹ 56.25
Amount to be paid = 375 – 56.25 = ₹ 318.75
Nassar
Price of the book = ₹ 630
630 = 600 + 30
Discount for 600 rupees = 6 × 15 = ₹ 90
Since the reduction for 10 rupees is 1 rupee 50 paise
Discount for 30 rupees = 3 × ₹ 1.50 = ₹ 4.50
Total = 90 + 4.50 = ₹ 94.50
Amount to be paid = 630 – 94.50 = ₹ 535.50
Jacob
Price of the book = ₹ 432
432 = 400 + 30 + 2
Discount for 400 rupees = 4 × 15 = ₹ 60
Discount for 30 rupees = 3 × ₹ 1.50 = ₹ 4.50
Discount for 2 rupees = 2 × 15 paise = 30 paise
Total = ₹ 60 + ₹ 4.50 + 30 paise = ₹ 64.80
Amount to be paid = 432 – 64.80 = ₹ 367.20

Question 2.
A person borrowed 26750 rupees from a bank, where the interest is 12% each year. How much should he pay back after one year?
Answer:
Borrowed amount = ₹ 26750
Rate of interest = 12%
26750 = 20000 + 6000 + 700 + 50
Interest for 20000 rupees = 200 × 12 = ₹ 2400
Interest for 6000 rupees = 60 × 12 = ₹ 720
Interest for 700 rupees = 7 × 12 = ₹ 84
(It can also be written as 267 × 12 = 3204 for 26700 rupees)
Interest for 50 rupees = ₹ 6
Total interest = 3204 + 6 = ₹ 3210
Amount to be paid = 26750 + 3210 = ₹ 29960
Question 3.
A company gives 8% of one month’s salary as a bonus for Onam. How much does a man, whose monthly salary is 46375 rupees, get as a bonus?
Answer:
Monthly salary = ₹ 46375
Bonus = 8%
46375 = 46300 + 50 + 25
Bonus for 46300 rupees = 463 × 8 = ₹ 3704
Bonus for 50 rupees = ₹ 4 (half of 8)
Bonus for 25 rupees = ₹ 2 (half of 4)
Total bonus = 3704 + 4 + 2 = ₹ 3710
What Percent? (Page Number 112)
Question 1.
25000 rupees deposited in a bank earned 2000 rupees as interest in a year. What is the interest rate?
Answer:
Deposited amount = 25000 rupees
Interest = 2000
25000 = 250 × 100
250 for one hundred = 2000
For one hundred = 2000 ÷ 250
= 8 × 250 ÷ 250
= 8
Interest percent = 8%
Question 2.
For books worth 480 rupees, a shop gave 72 rupees as a discount. What is the discount percent?
Answer:
The worth of the book = 480 rupees
Discount = 72 rupees
48 for ten = 72 rupees
For one ten = 72 ÷ 48
= 24 × 3 ÷ 24 × 2
= 3 ÷ 2
= \(\frac {3}{2}\)
= 1\(\frac {1}{2}\) rupees
Since for ₹ 10 it is ₹ 1.50, for ₹ 100 it is ₹ 15
This can also be calculated for one rupee.
For 480 rupees = 7,200 paisa
For 1 rupee = 7,200 ÷ 48 = 150 paise
Since for ₹ 10 it is 150 paise, for ₹ 100 it is 150 × 100 = 1,500 paise = ₹ 15
The discount = 15%
Question 3.
A mobile phone manufacturer sells all the previous year’s models at a fixed discount. A phone that cost 45,000 rupees earlier is now sold for 37800 rupees. What is the discount percent?
Answer:
Previous price = ₹ 45,000
Present price = ₹ 37,800
Discount = 45,000 – 37,800 = ₹ 7,200
For 100 rupees = 7200 ÷ 450
= 720 × 10 ÷ 45 × 10
= 80 × 9 ÷ 5 × 9
= 80 ÷ 5
= 16
Discount percent = 16%
Class 6 Maths Chapter 7 Kerala Syllabus Money Math Questions and Answers
Class 6 Maths Money Math Questions and Answers
Question 1.
A mobile phone worth ₹ 8500 is sold at a discount of 6%. What is its present price?
Answer:
Original price = ₹ 8500
Discount = 6%
It is ₹ 6 for every 100 rupees
There are 85 hundred in ₹ 8500
So, the discount for 85 hundreds = 85 × 6 = ₹ 510
Therefore, present price = 8500 – 510 = ₹ 7990
Question 2.
For ₹ 2000, 12% interest has to be paid for one year. How much interest should be paid?
Answer:
Amount borrowed = ₹ 2000
Interest = 12%
Rupees 12 for every ₹ 100.
There are 20 hundred in 2000 rupees.
So, for 20 hundreds = 20 × 12 = ₹ 240

Question 3.
The price of a watch worth ₹ 1350 increased by 8%. What is its present price?
Answer:
Original price = ₹ 1350
Increase = 8%
1350 = 1300 + 50
There are 13 hundred in 1300 rupees (13 × 100 = 1300)
Increase for 13 hundreds = 13 × 8 = ₹ 104
Increase for ₹ 50 = half of 8 = ₹ 4
Total increase = 104 + 4 = ₹ 108
Present price = 1350 + 108 = ₹ 1458
Question 4.
The price of a fan was ₹ 3275. Its price decreased by 12%. How much did it decrease?
Answer:
Price of fan = ₹ 3275
Decrease = 12%
3275 = 3200 + 50 + 25
There are 32 hundred in 3200
Decrease for 32 hundreds = 32 × 12 = ₹ 384
Decrease for ₹ 50 = half of 12 = ₹ 6
Decrease for ₹ 25 = half of 6 = ₹ 3
Total decrease = 384 + 6 + 3 = ₹ 393
Question 5.
When a product worth ₹ 1530 was bought, 18% tax was added. What is the total price of the product?
Answer:
Price of the article = ₹ 1530
Tax = 18%
1530 = 1500 + 30
Tax for one hundred = ₹ 18
Tax for rupees 1500 = 15 × 18 = ₹ 270
Since the tax is ₹ 18 for every ₹ 100, the tax for ₹ 10 is ₹ 1.80.
So, the tax for ₹ 30 is three times ₹ 1.80, which is equal to ₹ 5.40.
Total tax = 270 + 5.40 = ₹ 275.40
Therefore, total price = 1530 + 275.40 = ₹ 1805.40
Question 6.
For ₹ 12000, the interest for one year is ₹ 1800. What is the rate of interest?
Answer:
Amount = ₹ 12000
Interest = ₹ 1800
12000 = 120 × 100
For 120 hundreds = ₹ 1800
For one hundred = 1800 ÷ 120
= (15 × 120) ÷ 120
= 15
Therefore, the rate of interest = 15%
Question 7.
The price of an article worth ₹ 540 increased by ₹ 27. By what percentage did it increase?
Answer:
Original price = ₹ 540
Increase = ₹ 27
540 cannot be made exactly into hundreds.
For 54 tens, the increase is ₹ 27 (2700 paise)
Increase for one ten rupees = 2700 ÷ 54
= 27 × 100 ÷ 2 × 27
= 100 ÷ 2
= 50 paise
Increase for one hundred rupees = 10 × 50 = 500 paise = 5 rupees
Therefore, increase = 5%
Question 8.
The price of a saree decreased from ₹ 1240 to ₹ 992. What is the percentage of decrease?
Answer:
Original price = ₹ 1240
New price = ₹ 992
Decrease = 1240 – 992 = ₹ 248
1240 = 124 ten rupees
For 124 tens, the decrease is ₹ 248.
Decrease for one ten rupees = 248 ÷ 124
= 2 × 124 ÷ 124
= 2 rupees
100 rupees means 10 ten rupees.
Decrease for ₹ 100 = 10 × 2 = 20 rupees
Therefore, the percentage of decrease = 20%

Question 9.
The price of an article is ₹ 1860. Including tax, it is sold for ₹ 1953. What is the percentage of tax?
Answer:
Price without tax = ₹ 1860
Price with tax = ₹ 1953
Tax = 1953 – 1860 = ₹ 93
1860 = 186 ten rupees
Tax for 186 ten rupees = ₹ 93 = 9300 paise
Tax for one ten rupees = 9300 ÷ 186
= (93 × 100) ÷ (93 × 2)
= 100 ÷ 2
= 50
Tax for 10 ten rupees = 10 × 50 = 500 paise = ₹ 5
Therefore, tax = 5%
Question 10.
Gopi paid ₹ 960 as interest for one year on ₹ 12000 in one bank. Radha paid ₹ 1050 as interest for one year on ₹ 15000 in another bank. Who paid at a higher rate of interest?
Answer:
Gopi
Amount = ₹ 12000
Interest = ₹ 960
For 120 hundreds = ₹ 960
For one hundreds = 960 ÷ 120
= (96 × 10) ÷ (10 × 12)
= 96 ÷ 12
= 8
Interest percentage = 8%
Radha
Amount = ₹ 15000
Interest = ₹ 1050
For 150 hundreds = ₹ 1050
For one hundred = 1050 ÷ 150
= (21 × 50) ÷ (3 × 50)
= 21 ÷ 3
= 7
Interest percentage = 7%
Therefore, Gopi paid at a higher rate of interest (8%)
Class 6 Maths Chapter 7 Notes Kerala Syllabus Money Math
→ 1 Rupee = 100 Paise
→ When we buy or sell goods, we deal with price, discount, tax, profit, and loss.
→ Discount = Original price – Selling price
→ Increase = New price – Old price
→ Tax is an extra amount paid while buying goods.
→ The extra amount deposited in banks or paid when borrowing money is called interest.
→ We calculated the percentages of numbers for which we can accurately find how many hundreds they contain.
In this unit, we learn about the concept of percentage and some situations in life where it is used. The term ‘percentage’ is something we often hear in our daily life. We often hear percentages being used to express things like the number of students who achieved a certain grade, the number of people who passed, discounts or price increases, and population growth or decline. We also see them in newspapers and advertisements. What is a percentage? How is it calculated? Let us learn about it in this unit. The word ‘percentage’ is derived from Latin “per centum,” which means per hundred and represents a part of a whole. Therefore, the word percentage refers to a measure based on one hundred. The symbol % is used to denote a percentage.
Discount
We are all familiar with expressing the reduction in the price of goods as a percentage.
If an item has a 20 percent discount, it means that an article worth ₹ 100 will get a ₹ 20 reduction in price. So, if the article costs ₹ 200, the discount will be 2 × 20 = ₹ 40, and if it costs ₹ 500, the discount will be 5 × 20 = ₹ 100 (since there are two hundreds in 200 and five hundreds in 500). Thus, giving a ₹ 20 reduction for every ₹ 100 is called a 20 percent deduction. This can be written using the symbol 20%.

Write the answers for the following:
Question 1.
A shop offers a 15% deduction on goods. How much discount will a buyer get on an item worth ₹ 300?
Answer:
For ₹ 100, the deduction is ₹ 15.
For ₹ 300, the deduction is 3 × 15 = ₹ 45.
Question 2.
If an article has a 25% deduction and its price is ₹ 1000, how much should be paid to buy it?
Answer:
For ₹ 100, the deduction is ₹ 25.
For ₹ 1000, the deduction is 10 × 25 = ₹ 250
Question 3.
In a shop, there is a 20% deduction. Which of the following statements related to this are correct?
(a) From this shop, you will get goods worth ₹ 100 for ₹ 80.
(b) If you buy an item worth ₹ 100 from this shop, paying ₹ 80 will be enough.
(c) If you buy an item worth ₹ 1000 from this shop, you have to pay ₹ 980.
(d) In this shop, you will get a discount of ₹ 20 on an item worth ₹ 100.
Answer:
Statements a, b, and d are correct.
Interest
The extra amount deposited in banks or paid when borrowing money is called interest. If the interest rate is 10%, it means that for every ₹ 100 deposited, you will get ₹ 10 extra. Or, if you borrow ₹ 100, you have to pay ₹ 10 extra. So, if the interest rate is 12%, you have to pay ₹ 12 as interest for every ₹ 100.
Now, what if the amount is ₹ 1000?
There are ten hundreds in 1000. Therefore, the interest will be 10 × 12 = ₹ 120.
If ₹ 1500 is deposited, there are fifteen hundred in it.
So, the interest will be 15 × 12 = ₹ 180.
After one year, the total amount, including interest, will be ₹ 1500 + ₹ 180 = ₹ 1680.
Now write the answers to these questions:
Question 1.
A person deposited ₹ 4000 in a bank. The rate of interest is 8%. How much will he get after one year?
Answer:
Interest for ₹ 100 in one year is ₹ 8.
For ₹ 4000, there are 40 hundreds.
Interest = 8 × 40 = ₹ 320
(That is, ₹ 4000 has forty hundreds. Interest for one hundred is ₹ 8. So, for 40 hundreds, 40 × 8 = ₹ 320)
Total amount received = 4000 + 320 = ₹ 4320
Question 2.
A person borrowed ₹ 7600 from a bank. The rate of interest is 11%. How much should he repay after one year?
Answer:
Interest for ₹ 100 in one year is ₹ 11.
There are 76 hundreds in ₹ 7600 (7600 = 76 × 100)
Interest = 76 × 11 = ₹ 836
Total amount to be repaid = 7600 + 836 = ₹ 8436
Percentage means how many rupees for every 100 rupees.
So, how do we calculate a given percent?
First, we check how many hundreds are in the number.
Then we multiply that number by the given percentage.
Eg: To find 20% of ₹ 16000.
There are 160 hundred in 16000
So, 20% = 160 × 9 = 1440.
Percent Problems
We calculated the percentages of numbers for which we can accurately find how many hundreds they contain.
For example: 200, 12500, 37500, etc.
Now, let’s look at some numbers for which we cannot accurately find the number of hundreds.
If you buy goods worth ₹ 650 from a shop that offers a 20% discount, how much discount will you get?
The price of the item is ₹ 650. For every ₹ 100, you get a discount of ₹ 20.
So, for six hundred, you get 6 × 20 = ₹ 120 discount.
There is an additional ₹ 50, and since the discount is ₹ 20 for every ₹ 100, for ₹ 50, you get half of that ₹ 10 discount.
Total discount = 120 + 10 = ₹ 130
Now, if the price is ₹ 875:
Discount for ₹ 800 = 8 × 20 = ₹ 160
Discount for ₹ 50 = half of 20 = ₹ 10
Discount of ₹ 25 = half of 10 = ₹ 5
Total discount = 160 + 10 + 5 = ₹ 175

Let’s look at another calculation:
At an interest rate of 15%, how much interest should be paid for ₹ 1275 in one year?
Answer:
For 1000 rupees =10 × 15 = ₹ 150
For 200 rupees = 2 × 15 = ₹ 30
For 50 rupees = half of 15 = ₹ 7.50
For 25 rupees = half of 7.50 = ₹ 3.75
Total = 150 + 30 + 7.50 + 3.75 = ₹ 191.25
At an interest rate of 7%, how much interest should be paid for ₹ 23275 in one year?
Answer:
We can write 23275 as 20000 + 3000 + 200 + 50 + 25
Interest for 20000 rupees = 200 × 7 = ₹ 1400
Interest for 3000 rupees = 30 × 7 = ₹ 210
Interest for 200 rupees = 2 × 7 = ₹ 14
Interest for 50 rupees = half of 7 = ₹ 3.50
Interest for 25 rupees = half of 3.50 = ₹ 1.75
Total interest = 1400 + 210 + 14 + 3.50 + 1.75 = ₹ 1629.25
If an item costs ₹ 748 and you get an 8% discount, how much should you pay for it?
Answer:
748 = 700 + 40 + 8
Discount for 700 rupees = 7 × 8 = ₹ 56
Since the discount on ₹ 100 is ₹ 8, for ₹ 10 the discount is 80 paise.
So, for ₹ 40, it is 4 × 80 = 320 paise = ₹ 3.20.
For ₹ 10, the discount is 80 paise, so for ₹ 1, it is 8 paise.
For ₹ 8, it is 8 × 8 = 64 paise.
Now let’s find the total discount:
56 + 3.20 + 0.64 = ₹ 59.84
Amount to be paid = 748 – 59.84 = ₹ 688.16
What Percent?
So far, we have discussed the method of finding a fixed percentage of a number.
Now let’s look at another example.
When a person buys an item worth 100 rupees and pays 8 rupees as tax, what is the tax percentage?
Since the tax is 8 rupees for 100 rupees, the tax rate is 8%.
Therefore, including the tax, the total amount to be paid is 108 rupees.
If a person pays a tax of ₹ 40 on an item worth ₹ 400, what is the tax percentage?
The tax is calculated for every 100 rupees.
Here, the tax of 40 rupees is for 400 rupees.
To find how much it is for 100 rupees, we divide 40 by 4.
40 ÷ 4 = (4 × 10) ÷ 4 = 10 (the common factor 4 can be cancelled)
The tax is 10%.
Let’s see another example.
When a book worth ₹ 1200 was bought, a discount of ₹ 360 was given. What percentage of discount was given?
Answer:
Since it is for ₹ 1200, to find how much it is for one hundred, divide 360 ÷ 12.
360 ÷ 12 = 36 × 10 ÷ 12
= 3 × 12 × 10 ÷ 12
= 3 × 10
= 30 (the common factor 12 can be cancelled)
The discount is 30%.
A person’s daily wage was ₹ 1250. Now it has increased by ₹ 250. What is the percentage of increase?
Since ₹ 1250 cannot be made into exact hundreds, we make it 125 tens.
It increased by ₹ 250 for 125 tens.
So, to find how much it increased for one ten, divide 250 by 125.
250 ÷ 125 = 2
Since it increased by 2 for one ten, it increased by 20 for one hundred.
Therefore, the percentage of increase = 20%.
If ₹ 60 is given as interest for one year on ₹ 750, what is the rate of interest?
Answer:
Here, it is difficult to calculate for ₹ 100 or ₹ 10, so we should find how much it is for ₹ 1.
₹ 750 earns ₹ 60, that is 6000 paise.
To find how many paise for ₹ 1, divide 6000 by 750.
6000 ÷ 750 = 600 ÷ 75
600 ÷ 75 = 8 × 75 ÷ 75 = 8
Since the interest for one rupee is 8 paise, the interest for 100 rupees = 8 × 100 = 800 paise = 8 rupees
Interest 8%

When an item worth ₹ 320 was bought, a discount of ₹ 48 was given. What is the percentage of discount?
Answer:
The discount on ₹ 320 is ₹ 48 (4800 paise)
The discount for one rupee = 4800 ÷ 320
= 480 ÷ 32
= 60 × 8 ÷ 4 × 8
= 60 ÷ 4
= 15 paise
Since the discount for one rupee is 15 paise, for 100 rupees it is 1500 paise = ₹ 15
Therefore, the discount is 15%.
In this way, we can calculate how much it is for ₹ 100, ₹ 10, and ₹ 1 and then find the percentage.