Multiplication and Division in Money

__Multiplication and Division in Money__

** **

**Situation 1**

A book company announced a discount on
dictionaries to school students. After discount, the cost of a dictionary was ₹425 and 25 students wanted to buy it. How much
money in total was required for them to buy? For this, we have to multiply the number of students
with the cost of a dictionary.

The cost of each dictionary = ₹ 425

Therefore, the total cost of 25 dictionaries =
25 × ₹425

= ₹ 10,625

** **

**Situation 2**

8 students of a school participated in an
International Competition and won a cash award of ₹ 5,000. They wanted to share the amount among
themselves. How much share would each one get ?

For this, we have to divide the total amount by
the number of students.

₹
5,000 ÷ 8 = ₹625

Therefore, each one’s share is ₹ 625.

__Example
5.5__

The
cost of a chair is ₹ 520. What will be the cost of 9 chairs?

**Solution**

Cost
of one chair = ₹520

Cost
of 9 chairs = ₹ 520 × 9

= ₹ 4680

__Example
5.6__

Rani
buys a saree which costs ₹ 675.50. She wants to buy 12 such sarees. What will
be the cost of 12 sarees?

**Solution**

Cost
of one saree = ₹675.50

Cost
of 12 sarees = ₹ 675.50 × 12

= ₹ 8106

i. Mutiply the paise

50 × 12 = 600 paise

Convert the paise into rupess 600 paise = ₹ 6

ii. Multiply the rupees 625 ×12 = 8100

Now, add (i) and (ii) to get = 8100+6

= 8106

__Example
5.7__

Find
the answer for ₹65,295 ÷ 9

**Solution**

Therefore,
₹ 65295 ÷ 9 = ₹7,255

__Example
5.8__

The
total cost of 7 pens is 105. Find the cost of one pe

**Solution**

Total
cost of 7 pens is = ₹ 105

Therefore,
cost of one pen = ₹105 ÷ 7

=
₹15

Therefore,
the cost of one pen is ₹ 15.

** **

**Let’s think: **Divide 1000
paise equally for 5 students. How many rupees does each student get? Answer: 1000 paise ÷ 5 = 200 paise or 2 Rupees

**Activity**

Find out how many denominations of ₹1, ₹2, ₹ 5, ₹10, ₹ 20, ₹ 50,
₹100, ₹ 200, ₹ 500 and ₹2,000 are there in ₹10,000?

Tags : Money | Term 3 Chapter 5 | 5th Maths , 5th Maths : Term 3 Unit 5 : Money

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5th Maths : Term 3 Unit 5 : Money : Multiplication and Division in Money | Money | Term 3 Chapter 5 | 5th Maths

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