For buying 4 pens of ₹2.40 each, Mona gives ₹10 to the shopkeeper. How much money (in paise) does the shopkeeper need to return to Mona?
A
0.40
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B
9.60
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C
40
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D
60
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Solution
The correct option is C 40 Cost of each pen = ₹2.40 = 2 rupees and 40 paise
We know that 1 rupee = 100 paise
So, 2 rupees and 40 paise = 2 x 100 + 40 = 240 paise
Total cost of 4 pens = 240 x 4
= 960 paise
Amount of money:
Given by Mona to the shopkeeper
= ₹10 x 100
= 1000 paise
Amount of money:
Returned by the shopkeeper to Mona
= 1000 – 960
= 40 paise