# Division of Money

In division of money we will learn how to divide the amounts of money by a number. We carryout division with money the same way as in decimal numbers. We put decimal point in the quotient after two places from the right.

The process of division of money is performed as the ordinary division of a number.

Worked-out examples on division of money by a number:

1. Divide 75 paisa by 5

Solution:

Hence 75 paisa ÷ 5 = 15 paisa = Re. 0.15

2. Divide Rs. 92 by 4

Solution:

Hence Rs. 92 ÷ 4 = Rs. 23 or Rs. 23.00

3. Divide Rs. 66.00 by 4

Solution:

Hence Rs. 66 ÷ 4 = Rs. 16.50

4. Divide Rs. 38.58 by 6

Solution:

Hence Rs. 38.58 ÷ 6 = Rs. 6.43

5. Divide Rs. 62 by 7

Solution:

Hence, on dividing Rs. 62 by 7 we get the quotient is Rs. 8.85 and the remainder is Re. 0.05 or 5 paisa.

Word Problems on Division of Money:

6. If Ron distribute Rs. 39.60 among 6 boys, how much will each boy get?

Solution:

Hence, each boy will get Rs. 6.60

7. An amount of Rs. 760.80 is divided equally among 6 students. How much money did each student get?

Solution:

The amount divided = Rs. 760.80

Each student will get = Rs 760.80 ÷ 6

Hence, Rs. 760.80 ÷ 6 = Rs. 126.80

Each student will receive Rs. 126.80

8. A pen cost Rs. 52. If Christopher has Rs. 500, how many pens he can buy and how much money will he get back?

Solution:

Cost of one pen = Rs. 52

Maximum number of pens Christopher can buy = Rs. 500 ÷ 52.

Therefore, Christopher can buy 9 pens. He gets back Rs. 32.

The above examples on division of money will help the students to practice the worksheet on dividing the amounts of money by a number.

Questions and Answers on Division of Money:

1. Divide the following:

(i) $250 ÷ 10 (ii)$162.50 ÷ 5

(iii) $560.20 ÷ 4 (iv)$11110 ÷ 22

(v) $1682.80 ÷ 14 (vi)$1974.4 ÷ 16

(i) $25 (ii)$32.5

(iii) $140.05 (iv)$505

(v) $120.20 (vi)$123.40

2. Find the quotient:

(i) $361.20 ÷ 8 (ii)$5266.10 ÷ 7

(iii) $825.30 ÷ 3 (iv)$1285.20 ÷ 9

(v) $488.72 ÷ 4 (vi)$7296 ÷ 16

(i) $45.15 (ii)$752.30

(iii) $275.10 (iv)$142.8

(v) $122.18 (vi)$456

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