Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
Multiplication as Repeated Addition: Multiplication is a faster way to add the same number multiple times. For example, if a junk seller buys bundles of plastic and each bundle weighs , the total weight is , which is . Visually, this can be seen as groups with items in each group.
Multiplying by Multiples of , , and : To multiply a number by , we simply place one zero at the end of the number. For example, . If multiplying by , place two zeros: . You can imagine the digits shifting to the left on a place-value chart as zeros are added to the right.
The Box Method (Area Model): This is a visual way to multiply large numbers by breaking them into smaller, easier parts. To multiply , we draw a rectangle and split it into two boxes. We write and at the top and on the side. We calculate in the first box and in the second. Adding them gives .
Breaking Numbers for Mental Math: Large numbers can be split into smaller numbers to multiply easily in your head. To find , you can think of it as . This is like looking at a group of items and seeing it as a group of and a group of sitting side-by-side.
Estimation: Before calculating the exact price, it is helpful to estimate. For example, if of iron costs , and you buy , you can estimate as . So, . The actual price will be slightly less than .
Understanding Profit and Loss: In the junk business, 'Buying Price' (Cost Price) is what the seller pays for the junk, and 'Selling Price' is what they get after selling it to a big shop. If the Selling Price is more than the Buying Price, the seller makes a Profit. Visually, imagine the pile of money you receive being taller than the pile of money you paid out.
Currency Conversion: Mental math often involves converting Paise to Rupees. Since , you can visualize small coins of paisa coming together to make a single note. To convert, we divide by or move the decimal point two places to the left.
📐Formulae
💡Examples
Problem 1:
Kiran buys of newspaper for . How much will she pay for of newspaper?
Solution:
- The rate for is .
- For , the total cost is .
- Using the breaking method: .
- .
- Total amount to be paid = .
Explanation:
We use the distributive property to split into and , making it easier to multiply by mentally.
Problem 2:
Dinu sells of iron for per kg. He had bought that iron for per kg. How much profit did he earn?
Solution:
- Buying Price for .
- Selling Price for .
- Profit on .
- Total Profit for .
- .
- Total Profit = .
Explanation:
Instead of calculating total buying and selling prices separately, we first find the profit earned on and then multiply it by the total quantity.