Barter System: Definition, Facts, Examples - Orchids
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Barter System

The barter system is an old system of exchanging money. Here students will learn about the barter system meaning, the barter system example, barter system activity for class 4. Also, it contains details about what is the barter system and its shortcomings. The mathematical concept of rupees-paise and pictograph is connected with this content.

What is Barter System?

A century ago, there was no money. So, how did people buy and sell at that time?

It all started with the barter system. Imagine, in a kingdom, there were people with different types of work, like cobblers, farmers, trailers, etc.

Barter System

Suppose Ram is a farmer and Rahul is a cobbler. When Rahul needs vegetables, he approaches Ram and exchanges a pair of slippers for the vegetables he needs. It is known as a Barter system.

Barter System images

But the barter system works in the double coincident principle. Here, two coincidences have to happen.

Barter System Examples:

If Rahul needs a haircut and he goes to Pritam, the barber, but the value of the hair cut much lesser than the value of the slipper, and the slipper cannot be divided; hence no barter takes place. Thus, the exchange of goods is not easy. Then the barter system converts to money.

After the covert system, profit and loss also can find in the new system.

 One rupee note

1 rupee (1917)

Subdivisions of the Rupees During the 20th Century:

Value (in anna) Popular name Value (in paise)
16 anna 1 rupee 100 paise
8 anna 1 athanni 50 paise
4 anna 1 pavala 25 paise
2 anna 1 beta 12 paise
1 anna 1 ekanni 6 paise

Counting Money

Question 1:

Riya Goes to the Market to Buy a Few Pens. Find the Cost of 10 Pens in Rupees, If the Cost of 1 Pen Is 16 Anna.

Answer 1:

Here given, the cost of 1 pen is 16 annas.
Then, the cost of 10 pens is
= (10 × 16) anna
= 160 annas

Now, we know that 16 annas = 1 rupees
Then, 160 annas = 16016 rupees = 10 rupees
The cost of 10 pens is 10 rupees.

Convert Paise Into Rupees

Question 2:

Sumit Buys Some Goods From a Shop, and the Price Is Given As:

chocolate and candy

Then He Converts the Price Into Rupees and Buys This. What Is the Total Amount in Rupees?

Answer 2:

We know that 100 paise = 1 rupees
So, 10000 paisa = 10000100 rupees = 100 rupees
And also, we know that 16 annas = 1 rupees
So, 48 anna = 4816 rupees = 3 rupees
then, the total amount is = (100 + 3) rupees = 103 rupees
Sumit buys the chocolate and ice cream for 103 rupees.

Question 3:

Ram Exchanged a Slipper With Some Milk. If the Price of the Milk Is 45 Rupees. Then Represent 45 Rupees As the Sum of 20 Rupees and 5 Rupees Notes and Convert 45 Rupees Into Annas.

Answer 3:

Here, 45 rupees can be represented as:

Notes

We know that 16 annas = 1rupee
So, 45 rupees = 45 × 16 annas
= 720 annas
Hence, 45 rupees = 720 annas

Question 4:

Read the Incidents Carefully and Circle the Correct System of Exchange.

  1. Moni Give 3 Pairs of Shoes to Debu for One Dress
  2. Barter or Money

  3. The Student Gave the Lunch Lady 10 Rupees for a Cookie
  4. Barter or Money

  5. Jon Exchanges His Sunglass With Rabi’s Bag.
  6. Barter or Money

Answer 4:

  1. Moni give three pairs of shoes to Debu for one dress
  2. barter money
  3. The student gave the lunch lady 10 rupees for cookies.
  4. barter money
  5. Jon exchanges his sunglass with Rabi’s bag.
  6. barter money

Question 5:

If We Put the Given Element in a Barter System, Find Out What Can Be Exchanged With Each Other With the Same Value.

Convert paise to rupees

Answer 5:

We know 1 rupee = 100 paise
Then, 2 rupees = (2 × 100) paise = 200 paise

Fruits

So, apples can be exchanged for bananas.
Also, we know that 16 annas = 1 rupee
Then, 25 rupees = (25 × 16) anna = 400 anna

Convert anna to rupees

So, mango can be exchanged for the book.

Pictograph Question for Class 4

Question 6:

In a Vegetable Shop, Shop Kipper Counted the Price That Sold in a Whole Day for Different Vegetables and Recorded It in a Pictograph.

Read the Chart Given Below and Answer the Following Question:

Vegetable Price
Potato
coins
Tomato
coins
Brinjal
coins
Pumpkin
coins
coins
  1. What Is the Value of Potatoes?
  2. Find the Value of the Tomato and Represent the Value As the Sum of Notes and Coins.
  3. What Is the Price Difference Between Brinjal and Pumpkin?

Answer 6:

  1. Here value of 1 symbol = 1 rupee
    Value of 10 symbol = (10 × 1) rupees
    = 10 rupees.
    Hence, the value of the given potato is 10 rupees.
  2. Here value of 1 symbol = 1 rupee
    Value of 12 symbol = (12 × 1) rupees
    = 12 rupees
    Half of the symbol = half of 1 rupee
    1 rupee = 100 paisa
    Half of the symbol = (12 × 100) paisa
    = 50 paisa
    Total = 12 rupees + 50 paisa
    = 12.50 rupees.
    Hence, the value of the given tomato is Rs 12.50.
  3. Rupees and Paise
  4. Here value of 1 symbol = 1 rupee
    Value of 15 symbol = (15 × 1) rupees
    = 15 rupees
    Half of the symbol = half of 1 rupee
    1 rupee = 100 paisa
    Half of the symbols = (12 × 100) paisa
    = 50 paisa
    Value of brinjal = 15 rupees + 50 paisa
    = 15.50 rupees.
    Value of 21 symbol = (21 × 1) rupees
    = 21 rupees
    Half of the symbols = (12 × 100) paisa
    = 50 paisa
    Value of pumpkin = 21 rupees + 50 paisa
    = 21.50 rupees
subtraction between rupee and paisa

Hence, the price difference between brinjal and pumpkin is 6 rupees.

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