3.7 Money

• Buying and selling in Kenyan shillings: cost price and selling price
• Profit and loss in real-life buying and selling
• Percentage profit
• Percentage loss
• Discount from a marked price
• Percentage discount
• Commission and percentage commission
• Interpreting household and shop bills
• Preparing bills for goods and services
• Postal charges: letters, registered mail and parcels
• Mobile money services: M-Pesa, Airtel Money and T-Kash
• Working out mobile money transactions and charges

• work out profit and loss in real-life situations
• calculate the percentage profit and loss in different situations
• calculate discount and percentage discount of different goods and services
• calculate commission and percentage commission in real-life situations
• interpret bills at home
• prepare bills in real-life situations
• work out postal charges in real-life situations
• identify mobile money services for different transactions
• work out mobile money transactions in real-life situations
• use IT devices or other resources to learn more about money transactions
• recognise the use of money in day-to-day activities

“Why do we use money in daily activities?”

“What considerations would we make when buying or selling?”

“What is involved in mobile money transactions?”

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1. Buying and selling in Kenyan shillings
   40 min · 1 practice tasks · quiz
   Use Kenyan shillings and cents, name cost price and selling price, and say why money is used in daily trade.
2. Profit and loss
   40 min · 1 practice tasks · quiz
   Work out profit when selling price is above cost price, and loss when it is below, using Kenyan shop stories.
3. Percentage profit
   40 min · 1 practice tasks · quiz
   Calculate percentage profit on the cost price, and find selling price when the percent is given.
4. Percentage loss
   40 min · 1 practice tasks · quiz
   Calculate percentage loss on the cost price and find the selling price after a given percentage loss.
5. Discount
   40 min · 1 practice tasks · quiz
   Find the discount as marked price minus selling price, and the amount paid after a given discount.
6. Percentage discount
   40 min · 1 practice tasks · quiz
   Calculate percentage discount on the marked price and the till price after a given percent off.
7. Commission and percentage commission
   40 min · 1 practice tasks · quiz
   Calculate an agent’s commission as a percentage of sales, and find the rate when commission and sales are known.
8. Interpreting bills
   40 min · 1 practice tasks · quiz
   Read the parts of a household or shop bill, find units used from meter readings, and check the total in Kenyan shillings.
9. Preparing bills
   40 min · 1 practice tasks · quiz
   Prepare a simple kiosk or canteen bill with quantity times unit price, a total, and change from cash tendered.
10. Postal charges
    40 min · 1 practice tasks · quiz
    Work out classroom-model Posta Kenya charges for ordinary letters, registered mail, parcels and EMS from mass and service.
11. Mobile money services
    40 min · 1 practice tasks · quiz
    Identify M-Pesa, Airtel Money and T-Kash services: send, receive, withdraw, deposit, Lipa na M-Pesa, pay bill, airtime and savings, with PIN safety.
12. Mobile money transactions
    40 min · 1 practice tasks · quiz
    Work out send and withdraw totals from a classroom M-Pesa tariff, including what the receiver gets and what the wallet loses.