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Class 7 Questions and Answers on Money

A businessman borrowed sh 40000 from a lending institution at a simple interest rate of #2 1/2#% per month. How much did he pay back at the end of one year?

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1. Wanjugu bought 25 metres of material at sh.30per metre. She used the material to make articles for sale. Each article required 1.25m.If two of the articles she made were spoilt, how much profit did she make after selling all the remaining articles at sh.60 each?
2. A businesswoman bought 10 bags of maize at sh 220 each. she paid sh 10 per bag for transport. She later put the maize in 9 larger bags and sold each bag at sh 250. How much loss did she make?

3. Wanja bought fruits which were being sold at 3 fruits for sh 2.00. She sold them at 3 fruits at sh 3.50.What profit did she make after selling 450 fruits?
4. Njoroge and Maina are fruit dealers .One day each of them bought 300 fruits at the same price. Njoroge sold his fruits at 5 fruits for sh 2. Maina sold his fruits at 4 fruits for sh 2.If Maina made a profit of sh 20,what loss did Njoroge make?
5. A tray contains 30 eggs.The buying price for a tray of egg is sh 48.00 and the selling price of one egg is 1.80.Mwamburi bought 3 trays of eggs.12 eggs got broken .He sold all the remaining eggs. What loss did he make?
6. If a shopkeeper sells a shirt for sh 450,he makes a 10% loss.Find how much he should sell the shirt t make a 20% profit
7. A vendor spent sh 100 to buy fruits as follows: 36 mangoes,40 oranges,48 bananas. She then sold the fruits as follows: 1 mango for sh 1.00 2 oranges for sh 3.00 4 bananas for sh 5.00 How much profit did she make?
8. A shopkeeper bought 36 glasses at sh 45 each.Ten glasses got broken.He sold the remaining ones at sh.50 each.What loss did he make?
9. Kibet bought a radio for sh. 2800.He later sold it making a 20% loss. For how much did he sell it?
10. Mwenje and Kiraitu buy and sell bananas.One day each of them bought 900 bananas for the same price. Mwenje sold each banana for sh. 1 which Kiraitu sold his at 5 for sh. 4.00. If Kiraitu made a loss of sh 20, how much profit did Mwenje make?
11. In one season Mbaya hired one hectare of land for sh 5000.He sowed 3 bags of wheat which he had bought for sh 1200 each.He also spent sh 2000 for ploughing ,sh 1000 for sowing,sh 3400 for fertilizers and sh and 2000 for harvesting.He harvested 60 bags of wheat which he sold for sh 900 per bag.What profit did Mbaya make from cultivation of wheat that season?
12. A hawker bought 100 oranges at sh 5.00 each. Twenty five oranges got spoilt and she sold the remaining oranges at sh 6.50 each.What loss did he make?
13. Nyakundi sold a radio for sh 7200 making a 20% profit. For how much had he bought the radio?
14. A fruit vendor bought 150 pineapples at sh 80 for every 5 pineapples .He sold them at sh 24 each.How much profit did he make?
15. A vegetable vendor spent sh 150 in buying 24 kg carrots,16 kg cabbages and 20 kg tomatoes. He also spent sh 10 on transportation. He sold the carrots at sh 2.00 per kilogram, cabbages at sh 1.50 per kilogram and tomatoes at sh 4.00 per kilogram. What was his loss per cent?
16. Halima made a profit of 25% after selling a dress for sh 500 and a 20% loss after selling a pair of shoes for sh 100.What was the total cost for the dress and the pair of shoes?
17. A book distributor buys book from publisher at a price which is 40% less than the maked price. What profit does the distributor make on a book marked at sh 90
18. A tray contains 30 eggs.A kiosk owner bought 5 trays at sh 150 each. The eggs in two trays got broken. He then sold the remaining eggs at sh 6 per egg. What loss did he make?
19. Mutiso bought two cartoons of biscuits each containing 15 packets. He paid sh 300 for biscuits. He then sold each packet for sh 25. What percentage did he make?
20. Muliro bought a car and later sold it for sh 75,000 making a loss of 20% .At what price had he bought the car?
21. A fruit vendor spent sh 160 to buy 28 bananas ,60 tomatoes and 14 oranges. He paid sh 40 for transport. During transportation ,9 tomatoes and 1 banana got spoilt. He then sold the remaining fruits as follows: 1 banana for sh 3 3 tomatoes for sh 5 1 orange for sh 6 What was the percentage profit?
22. Kantai bought 200 chicken whose average weight was 1.5kg.The buying price per kilogram was sh 150.He then sold each chicken for sh 250.What percentage profit did he make?
23. A shopkeeper bought 5 trays of eggs at sh 120 per tray.Ten eggs broke and she sold the rest at sh 6 per egg. If a tray holds 30 eggs ,what percentage profit did he make?
24. A shopkeeper bought a shirt for sh 300.He then sold it for sh.360 after giving a discount of 10%.What percentage profit would he have made if no discount was given?
25. A shopkeeper bought 30 eggs. He then sold each egg at sh 6,making a profit of 20%.How much had he paid for the eggs?
26. There is a 25% loss when an article is sold at sh 225.At what price should it be sold in order to make a profit of 5%?
27. A shopkeeper spent sh 880 to buy 16 plates then sold them making a profit of 20%.For how much did the shopkeeper sell each plate?
28. If a shopkeeper sells a basin for sh 72,he would make a loss of 10%.At what price must he sell the basin so that he makes a profit of 20%?
29. Kamau bought pieces of land for 2 million shillings.He subdivided it into 25 plots of equal area. He then sold all the plots and made a 20% profit. What was the selling price of each plot?
30. A mother sold 5 chickens @sh 35.She used the money to buy 4 plates @ sh 13 and 4 mugs @sh 15.How much money was she left with?
31. Juma bought three items for a total of sh 63.75.He then bought a fourth item. He gave the shopkeeper a one hundred shillings note. The shopkeeper asked for sh 2.15 so that he could give Juma a twenty shilling note for change.What was the price of the fourth item?
32. A minibus carried 25 paying passengers from one town to another.From the fare collected, the conductor paid sh.250 for diesel,sh 10 at a toll station and sh 40 for lunch.If the conductor had sh 1200 remaining at the end of the journey ,what was the fare per passenger?
33. The following is a list of Wanjala’s purchases: 3kg sugar @sh 7.50 2kg salt @ sh 3.90 1 piece of soap @ sh 3.80 #1/2# kg packet maize meal @ sh 4.00 What is the total amount of Wanjala’s bill?
34. Chepkowony had a sh 100 note.He bought two 250 g packets of tea,two# 1/2# litre packets of milk,two loaves of bread and one kilogram of sugar.The prices of the items were as follows: 1 kg of sugar sh 9.50 One loaf of bread sh 4.60 One #1/2# litre packet of milk sh 3.45 One 250 g packet of tea sh 9.15 How much change did he get?
35. The prices of items in a shop were as follows: One piece of soap sh 4.90 One kilogram of sugar sh 9.80 One loaf of bread sh 5.00 One packet of coffee sh 32.50 Kawira bought 3 pieces of soap,2 kg of sugar,4 loaves of bread and one packet of coffee.How much change did she get if she gave out two hundred shillings note to the shopkeeper?
36. The prices of some items in a bookshop were as follows: One exercise book sh 4.50 One pencil sh 2.00 One ball-point pen sh 3.50 One mathematical set sh 55.00 Muthoni bought five exercise books, one pencil,two ball-point pens and one mathematical set.What balance did she get from the shopkeeper after giving him a one hundred shillings note?
37. A kiosk owner sold food items as follows: 4 tomatoes for sh 5 3 onions for sh 2 1 banana for sh 2 10 potatoes for sh 5 Mwakio spent sh 41 to buy items from the kiosk.Which of the following is the combination of items he bought? a) 4 tomatoes,3 onions,1 banana ,10 potatoes b) 16 tomatoes,9 onions,6 bananas,10 potatoes c) 12 tomatoes,12 onions,4 bananas,20 potatoes d) 20 tomatoes,6 onions,2 bananas,
38. Mokeira’s expenditure for the month of October was as follows: Rent – sh 800 Electricity and Water- sh 220 Food stuff- sh 815 Laundry- sh 220 Milk -1 bottle per day @ sh 13 Bus fare for 22 days@ sh 20 per day. What was her saving for that month if her salary was sh 3000?
39. Jebii bought the following items from the market: 3 loaves of bread at sh 16 #1 3/4# kg of sugar at sh 40 per kg 2 packets of unga at sh 38 2 packets of tea leaves at sh 51 #1/2# kg of meat at sh 80 per kg How much did she pay for all the items?
40. A salesman receives #1 1/2# % of the selling price as commission for the first 1000 articles he sells. He also gets 2% commission for the next 1000 articles. Each article is sold at sh 20.00.What does he get after selling 2000 articles.
41. A salesman earns a basic salary of sh 500 per month plus 5% commission for a sale of goods above sh 4,000. In one month he sold goods worth sh 80,000.How much did he earn that month altogether?
42. A salesgirl earns a salary of sh 1000 per month. She is also paid a commission of 3% of the value of items she sell above sh 10,000.In one month, she sold items worth sh 68,500.How much money did she earn that month?
43. Auma earns a basic salary of sh 2500 from a creamery. She also paid a 0.25% commission for any sales above sh 30,000.In one month she sold 100,000 packets of milk at sh 13 per packet. What was her total earnings that month?
44. A car was sold at sh 100,000 through a dealer. The dealer charged the owner a 10% commission on the selling price.How much did the owner get?
45. A sales-girl earns a basic salary of sh 4,000.She is also paid a commission of 3% of the value of items she sells above sh 10,000.In one month she sold 2000 items at sh 20 each. What was her total earning that month?
46. A vehicle was sold for sh 2,250,000 through a dealer.The owner received sh 2,000,000.What percentage commission did the dealer get?
47. A salesgirl was given a 5% commission by a businessman after selling for him goods worth sh 50,000.How much money did the business get?
48. A salesperson earns a salary of sh 2,000 plus a 5% commission of sales above sh 10,000.In one month the sales person sold goods worth sh 25,000.How much money did the salesperson receive that month?
49. A dealer paid sh 15,000 to an agent as commission for the sale for a car. The commission was 2% of the price. How much money did the dealer remain with from the sale of the car?
50. In one month an agent sold 5 plots at sh 250,000.She charged a 5% commission for the sale of plots and paid 15% of the commission to her workers. How much money did she remain with?
51. A saleslady earns a basic salary of sh 4,000.For any sales above sh 10,000,she is also paid a commission .In one month, she sold items worth sh 40,000 and earned a total of sh 4,900.What was her percentage commission?
52. A saleswoman was paid monthly salary of sh 9,000.She was also paid a commission of 10% for all the goods she sold above sh 10,000.In one month she sold goods worth sh 25,000.What did she earn at the end of that month?
53. A salesman is paid a salary of sh 1500 per month plus a commission of #2 1/2# % on the sale of the goods above sh 10,000.In one month he was paid a total of sh 1,800.How much was the sale of the goods?
54. Asha and Musa are salespersons employed by two different companies. Asha’s company pays her a monthly salary of sh 1,500 and # 2 1/2%# commission on goods she sells above sh 10,000.Musa’s company only gives him a 6% commission on all goods she sells. On a certain month Asha and Musa each sold goods worth sh 40,000.How much more money was Musa paid than Asha?
55. A saleslady earns a salary of sh 25,000 per month. She also gets a 4% commission on goods sold above a total of sh 150,000.In one month she sold goods worth sh 350,000.How much money altogether did she earn that month?
56. Sera sells goods for a company. She is paid a salary of sh 84,000 per month plus a commission of 20% for the sale of goods worth above sh 10,000.In one month her total earnings were sh 150,000.What was the value of goods she sold?
57. A salesman is paid a salary of sh 5,000 per month. He is also paid a 2.5% commission on the sales above sh.100,000. If the salesman sold goods worth sh 500,000 in a certain month. What was his total earnings?
58. Nina is paid a basic salary of sh 8,000 as a sales agent. In addition she is paid a 5% commission for goods sold above sh 15,000.In one month she earned sh 12,000 altogether. What was the total sales?
59. A company gives a commission on sales above sh 100,000.In a certain month a salesgirl received a commission of sh 36,000 after selling goods worth sh 800,000. What was the percentage commission offered?
60. A salesman is paid a monthly salary of sh 6,000 and a 5% commission on goods he sells above 20,000 each month. In a certain month the salesman earned sh 13,000.How much money was the sales of goods that month?
61. A car dealer was left with sh 855,000 after paying out a 5% commission to an agent for the sale of a car. What was selling price of the car?
62. A sale girl earns a salary of 3,000 per month plus a commission of 5% on goods she sells above sh 10,000.In a certain month,she earned a total of sh 7,000 .What was the value of goods she sold that month?
63. A sale agent is paid a basic salary of sh 12,000 and a commission of 3% for goods sold above 50,000.In a certain month, his total earnings were sh 15,000.What is the value of the total sales?
64. Natasha is paid a basic salary of sh 12,000 in a month as a sales agent. She is also paid a 5% commission on goods sold above sh 20,000.In a certain month, she sold goods worth sh 120,000.How much money did she earn in total that month?
65. A saleslady earns a basic monthly salary of sh 15,000.She also gets a commission of 2% on the value of goods sold above sh 250,000.In a certain month she sold 10 television sets @ sh 26,000,5 refrigerators @ sh 30,000,10 microwaves @ sh 16,000,one cooker for sh 84,000 and another sh 25,000.How much did she earn that month, altogether?
66. The cash price of a machine is 20% less than the hire purchase price. The hire purchase terms required a deposit of sh 2600 and eight equal monthly installments of sh 800.What is the cash price of the machine?
67. The marked price of a bicycle is sh 6245. Muli bought the bicycle on cash terms and was given a 10% discount. Watuma bought the same type of bicycle on hire purchase terms where he paid a deposit of sh 2000 and 12 equal monthly instalments of sh 500 each.How much more than Muli did Watuma pay?
68. The marked price of a TV set is 24000 but a 10% discount is allowed on paying cash .The hire purchase terms for the same set are: a deposit of sh 5000 followed by 11 equal monthly instalments of sh 1800 each. How much more does one pay for the TV set on hire purchase terms than paying cash?
69. The cash price for a bicycle was sh 7,000.Kyalo bought it on hire purchase terms. The amount he paid was sh 25% more than the cash price. He paid a deposit plus 12 equal monthly instalments of sh 600 each. How much deposit did he pay?
70. The hire purchase price of a TV set is 40% more than the cash price. The cash price is sh 20000.Ochieng paid sh 2100 as a monthly instalments for 10 months. How much had he paid as the deposit?
71. The cash price of a tractor is 1.8 million shillings. Rotich bought it on hire purchase terms. The total amount he paid was 30% more than the cash price. He paid deposit of sh 660000 and the remainder in 24 equal monthly instalments. How much was each instalment?
72. The hire purchase price for a wall cabinet is 25% more than the cash price. Kalulu bought the cabinet on hire purchase terms by paying a deposit of sh 13200 and the remaining amount in 12 equal monthly instalments. If the cash price was sh 24000, how much was each monthly instalment?
73. The hire purchase price of a cupboard was 25% more than the marked price. Karani bought the cupboard on hire purchase terms. He paid a deposit of sh 2000 and eight equal monthly instalments of sh 650.What was the marked price
74. Mary bought a TV set on hire purchase terms. She paid a deposit of sh 800 and 15 equal monthly instalments of sh 700 each. The hire purchase price was 25% higher than the cash price. Amina bought the same type of TV set on cash. How much more than Amina did Mary pay for the TV set?
75. The marked price of a motorcycle was sh 30000 but a 5% discount was allowed for cash payment. Taabu bought the motorcycle on hire purchase terms by paying a deposit of sh 8500 followed by ten equal monthly instalments sh 2400 each. How much money would Taabu have saved had she bought it for cash?
76. The cash price for a radio is sh 8000.The hire purchase price is 50% more than the cash price. Amina bought a radio on hire purchase by paying a deposit of sh 2400 and equal monthly instalments of sh 800.In how many months did she pay the instalments?
77. The cash price of a cupboard is sh 3000.An interest of 25% is charged if the cupboard is bought on hire purchase terms. Amina bought the cupboard on hire purchase. She paid a deposit and twelve equal instalments. Each instalment was sh 262.50.How much deposit did she pay?
78. Kerubo bought a TV set by paying a deposit of sh 2400 plus 15 equal monthly instalments of sh 500 each.The hire purchase price was 10% more than the marked price. What was the marked price?
79. The marked price of a TV set is sh 20000.A 20% discount is allowed when buying the TV on cash. On hire purchase terms , only 12 monthly instalments of sh 2000 each is paid. How much more does it cost to buy the TV set on hire purchase terms than cash?
80. The cash price of a TV set was sh 22000.Maria bought the TV set on hire purchase terms. She was allowed to pay a deposit equal to 40% of the cash price and eight equal monthly instalments of sh 2800.How much more money did she pay than the cash price?
81. The marked price of a bicycle was sh 7500.The hire purchase price was 120% of the marked price. Mnimi bought the bicycle on hire purchase terms. He paid a deposit of sh 3,000 and the balance in monthly instalments of sh 750 each. In how many months did he pay the balance?
82. The cash price for a radio is sh 1000.The hire purchase terms for the same are: a deposit of sh 250 followed by six equal monthly installments of sh 180.How much more does one pay for the radio on hire purchase terms?
83. The marked price of a motorcycle is sh 45,000.Omondi decided to buy it by hire purchase terms. He paid a deposit of sh 24,000 and 10 equal monthly instalments. The total amount he paid at the end was sh 7,000 more than the marked price. How much did he pay per month?
84. Maiyo bought a radio on hire purchase terms. He paid a deposit of sh 500 and 22 monthly instalments of sh 250.If the cash price of this radio was three quarters of hire purchase price ,what was the cash price?
85. Kirui bought a record player on hire purchase. He paid a deposit of sh 1,300 and 8 equal instalments of sh 250.The total amount paid was 10% more than the cash price. What was the cash price of the record player?
86. The marked price of a sewing machine is sh 15,000.A 5% discount is allowed if the machine is bought for cash. On hire purchase, a deposit of sh 6,000 plus three equal monthly instalments of sh 3,200 is required. Amina and Hija bought sewing machines from a shop.Amina paid cash while Hija bought by hire purchase terms. How much more than Amina did Hija pay for her machine?
87. The cash price of a radio is sh 8,000.Muinde bought it on hire purchase terms. The total amount he paid was 25% more than the cash price. He paid a deposit of sh 1000 and the remainder in 20 equal monthly instalments. How much did he pay per instalments?
88. Chebet and Rono bought similar radio cassettes from the same shop. Chebet bought hers for cash. Rono bought his on hire purchase terms by paying a deposit of sh 4,000 plus 6 equal monthly instalments of sh 3,000 each. If Rono paid sh 5,000 more than Chebet, how much did Chebet pay for her radio cassette?
89. The hire purchase price of a sewing machine was 120% of the cash price. Omolo bought the sewing machine on hire purchase terms by paying a deposit of sh 1,200 plus 12 monthly installments of sh 750 each. What was the cash price of the sewing machine?
90. The hire purchase price for a TV set is made up of sh 4,000 deposit and 18 equal monthly instalments of sh 1,200 each. Musembi was given a discount of 20% on hire purchase for paying cash for a TV set. How much did he pay?
91. The marked price of a sofa set is sh 18,000.Juma bought the set on hire purchase terms. The hire purchase price was 20% more than the marked price .He paid a deposit of sh 6,000 and 8 equal monthly instalments. What was each monthly instalment?
92. The cash price of a bed is sh 11700.The hire purchase price is 20% more than the cash price. Mbugua bought a bed on hire purchase terms. He paid a deposit of sh 2808 and 12 equal monthly instalments. How much was each monthly instalments?
93. Mwamburi bought a T.V set on hire purchase terms. He paid a deposit of sh 2000.The remaining amount was paid in 5 equal monthly instalments. He paid a total of sh 9200.How much was each monthly instalment?
94. Kazungu bought a radio on hire purchase terms.He paid a deposit of sh 900 and 9 equal monthly instalments of sh 300.The hire purchase price was 20% more than the marked price. What was the marked price of the radio?
95. The hire purchase of a cupboard is a deposit of sh 4400 and six monthly instalments of sh 900 each. The hire purchase is 175% of the cost price while the cash price is 25% more than the cost price. What is the cash price of the cupboard?
96. A bank charged interest at the rate of 10% per annum. Omolo borrowed sh 2400 from this bank and repaid the loan at the end of 9 months. How much did he pay?
97. Musungu took a loan of sh 25000.After 24 months he paid sh 30000 .If this amount included simple interest, at what rate, per annum was the interest charged?
98. A businessman deposited sh 8000 in a bank which paid interest at the rate of 12% per annum. He withdrew the whole amount deposited and the interest earned at the end of 9 months, how much did he withdraw?
99. Wanjiru deposited a certain amount of money in a bank which paid simple interest at the rate of 15% per annum. At the end of 9 months, she withdrew all the interest amounting to sh 360.How much money had she deposited in that bank?
100. Ali lent Juma sh 4000 to start a business. After 8 months Juma gave Ali sh 4800 as a refund of the money he had borrowed plus interest earned. At what rate in percentage per annum, did Ali’s money earned the interest?
101. Obel deposited sh 2400 in a bank. At the end of 9 months he withdrew all his money from the bank. The total amount withdrawn was sh 2700.What interest per cent per annum did this bank pay?
102. Gitonga deposited sh 8400 in a bank which gave interest at the rate of 10% per annum. How much money altogether did he have in the bank at the end of 7 months?
103. Karimi deposited sh12000 in a bank that paid a simple interest at a certain rate per annum. At the end of 6 months he withdrew sh 540 which was the interest remaining after the bank had deducted sh 60 commission. At what rate per annum did the bank pay the interest?
104. Kawira deposited sh 7500 in a bank which paid interest at the rate of 15% per annum. At the end of 4 months, she withdrew the money she had deposited and the interest earned. How much money did she withdraw altogether?
105. Oduor invested a certain amount of money in a business that paid a simple interest at the rate of 15% per annum. At the end of nine months, he withdrew sh 1125 which was the interest the money had earned. How much money had he invested?
106. Asha deposited sh 4800 in a bank which paid an interest at the rate 12% p.a .How much did she have in the bank after six months?
107. Sotsi borrowed sh 20000 from a money lender at a simple interest rate of 5% per month. How much money did he pay back at the end of one year?
108. Janet borrowed some money at a simple interest of 12% p.a .After 18 months ,she had paid a total interest of sh 5400.How much money did she paid altogether?
109. Maloba deposited sh 8000 in a financial institution that paid simple interest. At the end of 3 years this money had amounted to sh 9200.At what rate per annum was the simple interest awarded?
110. Wanja deposited sh 24600 in a certain financial institution which paid simple interest per annum. After 9 months the total amount of money plus interest earned was sh 25338.At what rate per cent did the money earn interest?
111. A businessman borrowed sh 40000 from a lending institution at a simple interest rate of #2 1/2#% per month. How much did he pay back at the end of one year?
112. Lorina deposited sh 50000 at a financial institution that paid simple interest at the rate of #2 1/2#% p.a .How much did he have at the end of three years, altogether?
113. Kinje invested money with a financial institution that paid simple interest at the rate of 5% p.a .After 60 months the money earned an interest of sh 5000.How much had he invested?