problem solving involving money

16 Money Word Problems with Solutions and Answers (By Grade)

By: Author Amanda L. Grossman

Posted on Last updated: January 9, 2024

Develop students’ money life skills plus work on math concepts with real-life money word problems with solutions and answers.

Bell ringers, math centers, classroom money pickles, daily warm-ups…you can sneak these money word problems with solutions and answers into your student’s day in lots of different ways.

Or, make them the highlight of your 30-minute personal finance session – use whatever time you’ve got.  

The exciting thing about using money word problems and consumer math worksheets is you’re giving your students the chance to practice both math AND money life skills they’ll be able to use out in the wilds of the “real world” (like in the produce section of the super market).

Awesome! Let’s dig in.

Money Word Problems with Solutions and Answers

Money word problems can begin as early as 2 nd grade with simple addition and subtraction.

And they get increasingly more complex – two steps, then multiple steps, and more complex thinking – as students go through middle school and then high school.

We’ll start with the easier money word problems, and move into more complex ones, by grade.

Psst: do your students need a refresher on counting money or identifying coins? Here are free 2 nd grade money worksheets , 14 money counting games , and a bunch of free consumer math worksheets .

Money Word Problems Grade 3

While there’s no mention of money for Grade 3 Common Core Standards , you can relate several of the math standards to money word problems.

Teaching students math AND money life skills at the same time? #winning.

For example:

• Number and Operations in Base Ten (CCSS.MATH.CONTENT.3.NBT.A.2) : Fluently add and subtract within 1000 using strategies and algorithms based on place value, properties of operations, and/or the relationship between addition and subtraction.
• Operations and Algebraic Thinking (CCSS.MATH.CONTENT.3.OA.D.8) : Solve two-step word problems using the four operations. Represent these problems using equations with a letter standing for the unknown quantity. Assess the reasonableness of answers using mental computation and estimation strategies including rounding.

Here are some worksheets with money word problems to help your students practice these concepts.

1. Money Task Cards + Scavenger Hunt

This free set of money task cards each has mostly one-step money word problems on them.

You can cut them out, and do a scavenger hunt around the room to get students up and moving. OR, she has lots of other ideas for how to use them. There’s also a worksheet asking students to come up with their own money word problem using specific amounts.

Very helpful!

2. Money Shopping Word Problems

Scroll down on this page, and you’ll find a nice collection of shopping money word problem worksheets for free.

Students will work through:

• Adding up the cost of ordered items from a menu
• Calculating their change after an order
• Calculating sales tax

They’ve also got some good free worksheets on Wage word problems, simple and compound interest calculation word problems, etc.

Hint: there’s worksheets in here for older grades, too.

Two-Step Money Word Problems for 3 rd Graders

You likely saw above that third graders are supposed to be doing two-step word problems.

Two-step money word problems require two calculations to complete them. They’re not entirely straightforward – your students will need to think things through a bit more before they can come up with the correct answer.

3. Money Within $100 Word Problems

Get your set of 5 free, two-step money word problems within $100. Each word problem has space to draw and work through the problem.

4. Simple Two-Step Money Word Problems

Here’s a three-page set of two-step money word problems that have students add up the total amount of spending, then figure out how much change they should get back.

There are spaces for students to work out each of the two steps.

Hint: this is a free set of money word problems, but you’ll need a free Teachers Pay Teachers account to access it.

5. August Problem Solving Path Worksheets

I just love the real-world approach this packet of word problems takes.

She includes a math journal for each problem (there is one money word problem, and the rest are word problems involving other common core standards for 3 rd graders), and a rubric on the math journal sheet so that you can easily grade based on your student’s work.

There’s both a US and a UK version.

6. Two Simple Two-Step Money Word Problems

And here’s another set of two-step money word problems for 2 nd -4 th graders. Again, kids are asked to add up the total cost of items purchased, then calculate how much change they would get back.

7. Can I Buy It? Word Problems

If you’re looking for an easier set of two-step word problems for your bunch of students, then you should check these out.

8. Mix of One-Step and Two-Step Money Word Problems

Here’s a simple worksheet that has a mix of both two-step and one-step money word problems for 3 rd graders. The theme is around ordering food items.

Money Word Problems with Solutions and Answers Grade 5

There are no Common Core State Standards for Mathematics (CCSSM) specifically for money math at the 5th grade level.

However, you can relate the math concepts in the CCSSM to real-life money scenarios with these money word problems.

• Number and Operations in Base Ten (CCSS.MATH.CONTENT.5.NBT.B.5 – B.7) : Students should be able to perform operations with multi-digit whole numbers and decimals to the hundredths (which is an essential skill when working with money).
• Operations and Algebraic Thinking (CCSS.MATH.CONTENT.5.OA.A.2) : Students should be able to understand and write expressions and equations and solve real-world and mathematical problems using addition, subtraction, multiplication, and division.

1. Bertie’s Big Win

Students are tasked with figuring out how much money Bertie won through the lottery, based on the fractional amounts he spent on various things (like a house, a trip to space, a luxury yacht, etc.).

Answer sheet is included, which is good – because this is a tough one!

Hint: they say on the website that the 4 th grade versions of his money word problems are a bit easier than the 5 th grade ones, so you might want to try those if this seems too hard for your class.

2. YMI’s Healthy Meal, Healthy Budget Worksheets

Grab your free teaching kit (for grades 3-5, then 6-8) that pairs healthy eating lessons with 5 money math word problems you’d find in the real world.

For example, the first word problem asks students to plan a meal for two people using chicken tenders as the base. They’re given the serving size for each person, then two different options to buy and asked to calculate which is the best money (by calculating the per-unit cost and then comparing that with what they get). 

Answers and explanations are provided.

3. Mixed Practice Money Word Problems

Students are given three paragraphs describing a real-life scenario that is going to cost money. Then, students are asked a series of questions below it, and will need to use multiple kinds of calculations to solve them (subtraction, addition, multiplication, etc.).

4. Value Your Power Word Problems

Here’s a set of money math worksheets tied to electricity use in the household.

In the first activity, students are asked to decipher an electricity bill. They’ll chart the kilowatts used each month of the year, and then work through a series of questions based on that information (such as calculating an average monthly cost).

There’s also a Value Your Power Scoreboard worksheet students can take home as a family challenge.

Hint: it says it’s for 4 th grade – but I suspect these would be great for some 5 th grade students anyway.

5. Thanksgiving Dinner PBL

This project for grades 3-5 starts with the following driving question:

“ I need to feed my family of six for Thanksgiving. For my meal I need an appetizer, main dish, two side dishes, a dessert, and a drink (at least). I have $175 to spend on all the ingredients and any decorations I may want. What should I make?”

Students are tasked with creating a meal plan, recipes, and a grocery list with prices.

Hint: you’ll need a free account on ShareMyLesson.com to download this free lesson plan and rubric.

Advanced Money Word Problems for Older Students

Got a group of high schoolers, or advanced middle schoolers to find money word problems for? These multi-step money word problems and money-thinkers might be just the thing.

Money Word Problem #1: Ad Sale Decode

Money Lesson : Ads aren't always truthful, or as good of a deal as they first seem.

Norgay Sherpa, a mighty Everest climber who has personally climbed to the top of Everest three times (called summitting), saw a television commercial for a pair of Black Diamond Trail Pro Shock Trekking Poles. They have non-slip grips + are collapsible (something that would be very helpful on future climbs).

He wants to purchase them, but is confused about how much his total cost will be. Here are the details for a pair of trekking poles:

• Two easy payments of $127.05
• $9.95 Shipping & Handling
• Get one extra pair free (an incredible deal!), just pay Shipping & Handling (S&H)

What is Sherpa Norgay's total cost going to be?

Answer : $274. How you get there is adding the two “easy payments” of $127.05 + $127.05 + $9.95 S&H + $9.95 S&H (for the second “free” pair).

Money Word Problem #2: Car Insurance Snafu

Money Lesson : How auto insurance works.

One of your expedition partners, Sandy, is facing a money dilemma. She called her husband over Base Camp's satellite phone and found out he was in a car accident. Don't worry, he's okay! But their family car looks like it was in an Avalanche.

Here are the details:

• The accident was her husband's fault, meaning he hit the other car.
• Her family has a liability auto insurance policy that insures both of their vehicles.
• They pay a monthly premium of $96/month.
• They took the vehicle to a repair shop, and the quote to repair their car is $875.
• They have an auto insurance deductible of $500.

How much is this car repair going to cost Sandy and her family out of their own pocket?

Answer : $875. They don't have comprehensive car insurance, and Liability Only insurance means costs to repair the other person's car will be paid, but not their own car. So, they're left to pay the full $875.

Money Word Problem #3: Foreign Currency Mix Up

Money Lesson : How to figure out the value of a US Dollar against one of the other 168 currencies in the world.

Mingma Sherpa has been an outstanding partner for your expedition team. He's done all of his duties to help you on Everest − such as setting up your tents and cooking some of your meals − and was paid 360,908.33 Nepalese Rupees for doing so.

It is common courtesy to tip your Sherpa, especially when they've done a great job. If you were to tip Mingma 51,593.24 Nepalese Rupees, how many US Dollars would that be?

Assume that 1 US dollar = 103.186 Nepalese Rupees.

Answer : $500 US Dollars. That's 51,593.24/103.186.

I hope you've found some helpful money word problems with solutions and answers. I think these can open up some fun and helpful discussions with and between students that will help them manage their money as adults.

• Latest Posts

Amanda L. Grossman

Latest posts by amanda l. grossman ( see all ).

• 19 Unique Kid Piggy Banks (Plus How to Use Them for Money Lessons) - April 3, 2024
• 50 Banking Activities for Kids (Student Financial Literacy) - February 14, 2024
• 14 Christmas Activities for High School Students (they’ll Actually Find Cool) - December 1, 2023

• + ACCUPLACER Mathematics
• + ACT Mathematics
• + AFOQT Mathematics
• + ALEKS Tests
• + ASVAB Mathematics
• + ATI TEAS Math Tests
• + Common Core Math
• + DAT Math Tests
• + FSA Tests
• + FTCE Math
• + GED Mathematics
• + Georgia Milestones Assessment
• + GRE Quantitative Reasoning
• + HiSET Math Exam
• + HSPT Math
• + ISEE Mathematics
• + PARCC Tests
• + Praxis Math
• + PSAT Math Tests
• + PSSA Tests
• + SAT Math Tests
• + SBAC Tests
• + SIFT Math
• + SSAT Math Tests
• + STAAR Tests
• + TABE Tests
• + TASC Math
• + TSI Mathematics
• + ACT Math Worksheets
• + Accuplacer Math Worksheets
• + AFOQT Math Worksheets
• + ALEKS Math Worksheets
• + ASVAB Math Worksheets
• + ATI TEAS 6 Math Worksheets
• + FTCE General Math Worksheets
• + GED Math Worksheets
• + 3rd Grade Mathematics Worksheets
• + 4th Grade Mathematics Worksheets
• + 5th Grade Mathematics Worksheets
• + 6th Grade Math Worksheets
• + 7th Grade Mathematics Worksheets
• + 8th Grade Mathematics Worksheets
• + 9th Grade Math Worksheets
• + HiSET Math Worksheets
• + HSPT Math Worksheets
• + ISEE Middle-Level Math Worksheets
• + PERT Math Worksheets
• + Praxis Math Worksheets
• + PSAT Math Worksheets
• + SAT Math Worksheets
• + SIFT Math Worksheets
• + SSAT Middle Level Math Worksheets
• + 7th Grade STAAR Math Worksheets
• + 8th Grade STAAR Math Worksheets
• + THEA Math Worksheets
• + TABE Math Worksheets
• + TASC Math Worksheets
• + TSI Math Worksheets
• + AFOQT Math Course
• + ALEKS Math Course
• + ASVAB Math Course
• + ATI TEAS 6 Math Course
• + CHSPE Math Course
• + FTCE General Knowledge Course
• + GED Math Course
• + HiSET Math Course
• + HSPT Math Course
• + ISEE Upper Level Math Course
• + SHSAT Math Course
• + SSAT Upper-Level Math Course
• + PERT Math Course
• + Praxis Core Math Course
• + SIFT Math Course
• + 8th Grade STAAR Math Course
• + TABE Math Course
• + TASC Math Course
• + TSI Math Course
• + Number Properties Puzzles
• + Algebra Puzzles
• + Geometry Puzzles
• + Intelligent Math Puzzles
• + Ratio, Proportion & Percentages Puzzles
• + Other Math Puzzles

Word Problems Involving Money

Do you find it difficult to solve money word problems? Do not worry, in this article we will teach you how to solve the word problems of money with a few simple steps.

Did you ever want to purchase stuff somewhere, and doubted if you had sufficient cash? If you possess sufficient cash, would there be any remaining? If so, what would you have left?

Whenever you ask those vital important questions, you’re using some essential mathematics abilities. You may estimate, or discover an answer near enough to the right one.

You’ll more than likely do one or more operations (adding, subtracting, multiplying, or dividing). You’ll utilize a lot of those abilities when you need to solve money-related problems.

Related Topics

• Addition of Money Quantities
• Subtraction of Amounts of Money
• Addition of 3-Digit Numbers
• Addition of Hundreds

Whenever solving word problems, you should slow down and ask yourself a lot of questions.

Step one: Ask: What’s this problem asking me to discover? Do any clues exist?

Step two: Ask: What are the top vital words and info? Underline or circle these. Is any of the info not necessary? If so, mark it out lightly.

Step three: Set up your problem. Is it necessary to estimate? Do addition? Do subtraction? Do multiplication? Divide? Do more of these than one?

Step four: Work out your problem. Write down a number sentence. Redo your problem vertically.  Be sure the decimal points are lined up. Answer the problem and write it down in the form of dollars.

Step five: Ask: Does the answer sound logical? Is the answer sensible? If not, you should first check to see if you made any math errors. If not, ask yourself, did I perform the correct operation?

The following chart shows the common terms for the four operations that most word problems use.

Word Problems Involving Money – Example 1:

Solve the word problem.

John has \($40.00\). Sarah has \($17.00\) more than John. How much is Sarah’s money?

Sarah has \($17.00\) more than John’s money, so Sarah’s amount of money is equal to the sum of two given numbers:\($40.00+$17.00=$57.00\)

Word Problems Involving Money – Example 2:

Lisa and Maria’s total money is \($65.00\). If Lisa has \($35.00\), how much does Maria have?

The sum of Maria and Lisa’s money is equal to \($65.00\), so subtracting Lisa’s money from the total amount of money determines the amount of Maria’s money: \($65.00-$35.00=$30.00\)

Exercises for Word Problems involving Money

Solve each word problem.

• Jonathan has \($25.00\) and Jack has \($28.00\). How Much Money Do Jonathan and Jack have together?
• Michael has \($9.00\) less than Jennifer. If Jennifer has \($20.00\), how much money does Michael have?
• Lara and Emma need \($80.00\) to buy a gift for their friend. They now have a total of \($45.00\), how little money do they have to buy the gift?
• Angela gave Emily \($15.00\). If she had \($28.00\) before giving money, how much money does she have left now?
• \(\color{blue}{$53}\)
• \(\color{blue}{$11}\)
• \(\color{blue}{$35}\)
• \(\color{blue}{$13}\)

by: Effortless Math Team about 2 years ago (category: Articles )

Effortless Math Team

Related to this article, more math articles.

• Use of Technology in Math Class that Works
• 10 Most Common 3rd Grade Georgia Milestones Assessment System Math Questions
• How to Solve Radical Inequalities?
• Top 10 Tips to Overcome TABE Math Anxiety
• The Ultimate AZMerit Algebra 1 Course (+FREE Worksheets)
• Understanding How to Use Debit and Credit Cards for Payments
• Top 10 ISEE Upper-Level Math Practice Questions
• Full-Length SSAT Lower Level Practice Test-Answers and Explanations
• Top 10 Free Websites for ISEE Math Preparation
• Full-Length SSAT Middle Level Practice Test-Answers and Explanations

What people say about "Word Problems Involving Money - Effortless Math: We Help Students Learn to LOVE Mathematics"?

No one replied yet.

Leave a Reply Cancel reply

You must be logged in to post a comment.

Mastering Grade 6 Math Word Problems The Ultimate Guide to Tackling 6th Grade Math Word Problems

Mastering grade 5 math word problems the ultimate guide to tackling 5th grade math word problems, mastering grade 7 math word problems the ultimate guide to tackling 7th grade math word problems, mastering grade 2 math word problems the ultimate guide to tackling 2nd grade math word problems, mastering grade 8 math word problems the ultimate guide to tackling 8th grade math word problems, mastering grade 4 math word problems the ultimate guide to tackling 4th grade math word problems, mastering grade 3 math word problems the ultimate guide to tackling 3rd grade math word problems.

• ATI TEAS 6 Math
• ISEE Upper Level Math
• SSAT Upper-Level Math
• Praxis Core Math
• 8th Grade STAAR Math

Limited time only!

Save Over 45 %

It was $89.99 now it is $49.99

Login and use all of our services.

Effortless Math services are waiting for you. login faster!

Register Fast!

Password will be generated automatically and sent to your email.

After registration you can change your password if you want.

• Math Worksheets
• Math Courses
• Math Topics
• Math Puzzles
• Math eBooks
• GED Math Books
• HiSET Math Books
• ACT Math Books
• ISEE Math Books
• ACCUPLACER Books
• Premium Membership
• Youtube Videos

Effortless Math provides unofficial test prep products for a variety of tests and exams. All trademarks are property of their respective trademark owners.

• Bulk Orders
• Refund Policy

Money Word Problems

First, we will look at a money word problem involving calculating Simple Interest. Simple Interest word problems are based on the formula for Simple Interest and the formula for Amount. Then, we will look at a money word problem that involves coins and dollar bills.

Simple Interest Word Problems

Formula for Simple Interest

i represents the interest earned. p represents the principal which is the number of dollars invested. r represents the interest rate per year. t represents the time the money is invested which is generally stated in years or fractions of a year.

Formula for Amount

A represents what your investment is worth if you consider the total amount of the original investment ( p ) and the interest earned ( i )

James needs interest income of $5,000. How much money must he invest for one year at 7%? (Give your answer to the nearest dollar)

5,000 = p (0.07)(1)

p = 71,428.57

Dollar and Coin Word Problems

Paul has $31.15 from paper route collections. He has 5 more nickels than quarters and 7 fewer dimes than quarters. How many of each coin does Paul have?

Let x be the number of quarters x + 5 be the number of nickels x – 7 be the number of dimes

25 x + 5( x + 5) + 10( x – 7) = 3,115 25 x + 5 x + 25 + 10 x – 70 = 3,115 40 x = 3,160 x = 79

Algebra Money Word Problems

Coin Word Problem

We welcome your feedback, comments and questions about this site or page. Please submit your feedback or enquiries via our Feedback page.

• Get started with computers
• Learn Microsoft Office
• Apply for a job
• Improve my work skills
• Design nice-looking docs
• Getting Started
• Smartphones & Tablets
• Typing Tutorial
• Online Learning
• Basic Internet Skills
• Online Safety
• Social Media
• Zoom Basics
• Google Docs
• Google Sheets
• Career Planning
• Resume Writing
• Cover Letters
• Job Search and Networking
• Business Communication
• Entrepreneurship 101
• Careers without College
• Job Hunt for Today
• 3D Printing
• Freelancing 101
• Personal Finance
• Sharing Economy
• Decision-Making
• Graphic Design
• Photography
• Image Editing
• Learning WordPress
• Language Learning
• Critical Thinking
• For Educators
• Translations
• Staff Picks
• English expand_more expand_less

Money Basics  - Financial Problem Solving Strategies

Money basics  -, financial problem solving strategies, money basics financial problem solving strategies.

Money Basics: Financial Problem Solving Strategies

Lesson 2: financial problem solving strategies.

/en/moneybasics/why-financial-literacy/content/

Financial problem-solving strategies

Have you ever experienced a financial problem? Do you feel like finances are holding you back from reaching your goals? This lesson will give a brief overview of the general problem-solving process and how to apply it to the most common financial problems.

The problem-solving process

First, let's take a look at a general problem-solving process that you can apply to any situation, not just a financial one.

• Identify the problem . The first step in solving a problem is to identify it. What exactly do you need to overcome?
• Make a plan. What are the steps you need to take in order to overcome the problem?
• Implement the plan . This step actually puts the plan you created in place. While it sounds fairly straightforward, this is usually the most difficult step.
• Evaluate the plan . Although this is listed last, this step might actually occur simultaneously with implementing the plan. Things happen and circumstances change, so you may need to re-evaluate your plan as it is happening.

Identifying the problem

The first step in the problem-solving process is to get to the root of the problem and understand what you need to overcome. Here is a list of the most common financial problems people may face:

• Lack of income/job loss
• Unexpected expenses
• Too much debt
• Need for financial independence
• Overspending or lack of budget
• Lack of savings

When thinking about these common problems, each one falls into one of three areas: You need more money, you need to reduce your debt, or you need to change how you spend.

Making a plan

After identifying the problem you need to overcome, it's time to make a plan. Not sure where to start? No worries! We have you covered with some tips and places to begin.

Problem 1: You need more money . Whether you've lost your job, met an unexpected expense, or are working on becoming more financially independent, a form of income is necessary.

If you are a looking for additional work or maybe just a better-paying job, take some time to update your resume and cover letter. Make sure they are neat, up to date with your most current information, and free of spelling and grammar errors.

Be wary of any advertisements or jobs that offer fast, easy money. A lot of quick-cash methods come with unintended consequences. More often than not, if something sounds too good to be true, it probably is.

Problem 2: You need to reduce your debt . With high interest rates or the need to live paycheck to paycheck, high debt can be debilitating. Sometimes it feels like climbing a neverending mountain with an invisible peak. However, by prioritizing and negotiating your debt, you can make it more manageable.

Try listing all of your debt and the interest rates associated with each. Focus on paying off the ones with the highest interest rates first. If you're having trouble making payments, call the loan company and see if it can offer any solutions for you. The company may be able to lower your interest rate or offer a temporary forbearance to help you get back on your feet. If you need more help tackling your debt, you may want to contact a professional debt counselor like Consolidated Credit.

Problem 3: You need to change how you spend . Going from financial problems to a healthy financial status often requires organization and a shift in thinking. Avoiding overspending, building your savings, and gaining financial independence can often be accomplished with good spending habits.

The first thing you may want to try is creating a budget. There are many templates and resources available to help you create one. Sticking to one can be challenging, but simply having a budget laid out can help you see where you need to start spending less.

In addition to your budget, create a savings plan. Start out small. Even stowing away an extra dollar or two here and there can make a big difference. Also, try placing your savings in a place you cannot easily access. For example, create a savings account at a bank you don't usually use. The more difficult it is to access your money, the less likely you are to spend it.

Implementing the plan

Although the explanation of this part is the simplest, this is often the most difficult part to actually execute. It requires self-discipline and perseverance. The most important part of this step is to know that if your plan doesn't work or if you have a difficult time sticking to it, all is not lost. If it happens, move on to the next step, evaluate your plan, then repeat the process.

Overcoming financial obstacles can require changing your lifestyle, and this does not happen overnight. However, just having a plan itself can help to give you confidence and reassurance that you can eventually overcome whatever is in your way.

Evaluating your plan

As you implement your plan, you'll need to continually evaluate it. Maybe something happens and your original plan needs to change. Perhaps you've learned more along the way and realize that your original plan was incomplete. Or maybe your first plan went as planned and was a success. No matter the circumstances, it is always a good idea to look back and re-evaluate. Try answering these questions:

• Was your problem solved? Did a new problem arise?
• What went right?
• What went wrong?
• What circumstances changed?
• Was there anything you didn't account for?
• What was easy about implementing your plan?
• What was difficult about implementing your plan?

Financial obstacles can often seem debilitating and impossible to overcome. They often create a significant source of financial anxiety . We hope this lesson will help give you the confidence to take on your problem one step at a time so you can conquer your anxiety and move forward.

/en/moneybasics/assessing-how-you-manage-money/content/

Want to create or adapt books like this? Learn more about how Pressbooks supports open publishing practices.

Chapter 5: Systems of Equations

5.5 Monetary Word Problems

Solving value problems generally involves the solution of systems of equations. Value problems are ones in which each variable has a value attached to it, such as a nickel being worth 5¢, a dollar worth [latex]\$1.00,[/latex] and a stamp worth 85¢. Using a table will help to set up and solve these problems. The basic structure of this table is shown below:

The first column in the table (Name) is used to identify the objects in the problem. The second column (Amount) identifies the amounts of each of the objects. The third column (Value) is used for the value of each object. The last column (Equation) is the product of the Amount times the Value.

Example 5.5.1

In Cally’s piggy bank, there are 11 coins having a value of [latex]\$1.85.[/latex] Each coin is either a quarter or a dime. Use this data to fill in the chart and find the equation to be solved.

• The objects’ names are quarters (Q) and dimes (D)
• [latex]Q + D = 11,[/latex] which means [latex]Q = 11 - D[/latex] or [latex]D = 11 - Q[/latex]
• Quarters have a value of [latex]\$0.25[/latex] and dimes have a value of [latex]\$0.10[/latex]

The first two equations generally combine to equal the third equation.

The equation derived from this data is: [latex]\$0.25Q + \$0.10(11 - Q) = \$1.85[/latex]

Example 5.5.2

Doug and Becky sold 41 tickets for an event. Tickets for children cost [latex]\$1.50[/latex] and tickets for adults cost [latex]\$2.00[/latex]. Total receipts for the event were [latex]\$73.50.[/latex] How many of each type of ticket was sold?

The equation to be solved is:

[latex]\begin{array}{rrrrrrl} 1.50C&+&2.00(41&-&C)&=&\phantom{-}73.50 \\ 1.50C&+&82.00&-&2.00C&=&\phantom{-}73.50 \\ &-&82.00&&&&-82.00 \\ \hline &&&&\dfrac{0.50C}{0.50}&=&\dfrac{8.50}{0.50} \\ \\ &&&&C&=&17 \end{array}[/latex]

This means that the number of adult tickets sold was [latex]A = 41- 17 = 24.[/latex]

Example 5.5.3

Nick has a collection of 5-cent stamps and 8-cent stamps. There are three times as many 8-cent stamps as 5-cent stamps. The total value of all the stamps is [latex]\$3.48.[/latex] How many of each stamp does Nick have?

[latex]\begin{array}{rrrrr} 0.05(F)&+&0.08(3F)&=&3.48 \\ 0.05F&+&0.24F&=&3.48 \\ \\ &&\dfrac{0.29F}{0.29}&=&\dfrac{3.48}{0.29} \\ \\ &&F&=&12 \end{array}[/latex]

This means that the number of eight-cent stamps is [latex]E = 3(12) = 36.[/latex]

Example 5.5.4

Angela invests [latex]\$4000[/latex] in two accounts, one at 6% interest, the other at 9% interest for one year. At the end of the year, she had earned [latex]\$270[/latex] in interest. How much did she have invested in each account?

[latex]\begin{array}{rrrrrrl} (0.06)(S)&+&(0.09)(4000&-&S)&=&\phantom{-}270 \\ 0.06S&+&360&-&0.09S&=&\phantom{-}270 \\ &-&360&&&&-360 \\ \hline &&&&\dfrac{-0.03S}{-0.03}&=&\dfrac{-90}{-0.03} \\ \\ &&&&S&=&\dfrac{-90}{-0.03} = \$3000 \end{array}[/latex]

This means that the amount in the nine-percent account is [latex]\$4000 - \$3000 = \$1000.[/latex]

Example 5.5.5

Clark and Kyra invest [latex]\$5000[/latex] in one account and [latex]\$8000[/latex] in an account paying 4% more in interest. They earned [latex]\$1230[/latex] in interest after one year. At what rates did they invest?

[latex]\begin{array}{rrrrrrl} X(5000)&+&(X&+&0.04)(8000)&=&1230 \\ 5000X&+&8000X&+&0.04(8000)&=&1230 \\ 5000X&+&8000X&+&320&=&1230 \\ &&&-&320&&-320 \\ \hline &&&&\dfrac{13000X}{13000}&=&\dfrac{910}{13000} \\ \\ &&&&X&=&\dfrac{910}{13000}=0.07=7 \% \end{array}[/latex]

The other interest rate is [latex]0.07 + 0.04 = 0.11 = 11\%.[/latex]

This means that [latex]\$5000[/latex] was invested at 7% and [latex]\$8000[/latex] was invested at 11%.

For questions 1 to 10, find the equations that describe each problem. Do not solve.

• A collection of dimes and quarters is worth [latex]\$15.25.[/latex] There are 103 coins in all. How many of each kind of coin is there?
• A collection of fifty-cent pieces and nickels is worth [latex]\$13.40.[/latex] There are 34 coins in all. How many of each kind of coin is there?
• The attendance at a school concert was 578. Admission was [latex]\$2.00[/latex] for adults and [latex]\$1.50[/latex] for children. The total of the receipts was [latex]\$985.00.[/latex] How many adults and how many children attended?
• Natasha’s purse contains [latex]\$3.90[/latex] made up of dimes and quarters. If there are 21 coins in all, how many dimes and how many quarters are there?
• A boy has [latex]\$2.25[/latex] in nickels and dimes. If there are twice as many dimes as nickels, how many of each kind of coin does he have?
• [latex]\$3.75[/latex] is made up of quarters and fifty-cent pieces. If the number of quarters exceeds the number of fifty-cent pieces by three, how many coins of each denomination are there?
• An inheritance of [latex]\$10000[/latex] is invested in two ways, part at 9.5% and the remainder at 11%. The combined annual interest was [latex]\$1038.50.[/latex] How much was invested at each rate?
• Kerry earned a total of [latex]\$900[/latex] last year on his investments. If [latex]\$7000[/latex] was invested at a certain rate of return and [latex]\$9000[/latex] was invested in a fund with a rate that was 2% higher, find the two rates of interest.
• Jason earned [latex]\$256[/latex] in interest last year on his investments. If [latex]\$1600[/latex] was invested at a certain rate of return and [latex]\$2400[/latex] was invested in a fund with a rate that was double the rate of the first fund, find the two rates of interest.
• Millicent earned [latex]\$435[/latex] last year in interest. If [latex]\$3000[/latex] was invested at a certain rate of return and [latex]\$4500[/latex] was invested in a fund with a rate that was 2% lower, find the two rates of interest.

For questions 11 to 25, find and solve the equations that describe each problem.

• There were 203 tickets sold for a volleyball game. For activity-card holders, the price was [latex]\$1.25[/latex] each, and for non-card holders, the price was [latex]\$2[/latex] each. The total amount of money collected was [latex]\$310.[/latex] How many of each type of ticket was sold?
• At a local ball game, the hot dogs sold for [latex]\$2.50[/latex] each and the hamburgers sold for [latex]\$2.75[/latex] each. There were 131 total food items sold for a total value of [latex]\$342.[/latex] How many of each item was sold?
• A piggy bank contains 27 total dimes and quarters. The coins have a total value of [latex]\$4.95.[/latex] Find the number of dimes and quarters in the piggy bank.
• A coin purse contains 18 total nickels and dimes. The coins have a total value of [latex]\$1.15.[/latex] Find the number of nickels and dimes in the coin purse.
• Sally bought 40 stamps for [latex]\$9.60.[/latex] The purchase included 25¢ stamps and 20¢ stamps. How many of each type of stamp was bought?
• A postal clerk sold some 15¢ stamps and some 25¢ stamps. Altogether, 15 stamps were sold for a total cost of [latex]\$3.15.[/latex] How many of each type of stamp was sold?
• A total of [latex]\$27000[/latex] is invested, part of it at 12% and the rest at 13%. The total interest after one year is [latex]\$3385.[/latex] How much was invested at each rate?
• A total of [latex]\$50000[/latex] is invested, part of it at 5% and the rest at 7.5%. The total interest after one year is [latex]\$3250.[/latex] How much was invested at each rate?
• The total value of dimes and quarters in a piggy bank is [latex]\$6.05.[/latex] There are six more quarters than dimes. Find the number of each type of coin in the piggy bank.
• A piggy bank contains nickels and dimes. The number of dimes is ten less than twice the number of nickels. The total value of all the coins is [latex]\$2.75.[/latex] Find the number of each type of coin in the piggy bank.
• An investment portfolio earned [latex]\$2010[/latex] in interest last year. If [latex]\$3000[/latex] was invested at a certain rate of return and [latex]\$24000[/latex] was invested in a fund with a rate that was 4% lower, find the two rates of interest.
• Samantha earned [latex]\$1480[/latex] in interest last year on their investments. If [latex]\$5000[/latex] was invested at a certain rate of return and [latex]\$11000[/latex] was invested in a fund with a rate that was two-thirds the rate of the first fund, find the two rates of interest.
• A man has [latex]\$5.10[/latex] in nickels, dimes, and quarters. There are twice as many nickels as dimes and three more dimes than quarters. How many coins of each kind are there?
• A bag containing nickels, dimes, and quarters has a value of [latex]\$3.75.[/latex] If there are 40 coins in all and three times as many dimes as quarters, how many coins of each kind are there?
• A collection of stamps consists of 22¢ stamps and 40¢ stamps. The number of 22¢ stamps is three more than four times the number of 40¢ stamps. The total value of the stamps is [latex]\$8.34.[/latex] Find the number of 22¢ stamps in the collection.

Answer Key 5.5

Intermediate Algebra Copyright © 2020 by Terrance Berg is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License , except where otherwise noted.

Share This Book

• 5th Grade Math

Grade 5 money math worksheets: Word problems with solutions

Hi there! Are you ready to ace your 5 th grader's money skills? Worry less! This article provides fun and engaging Grade 5 money math worksheets and exciting word problems with solutions . Also, in this article, you will find the simplest ways to explain:

How to master money word problems in 5 easy steps!

• Fun and engaging 5th-grade worksheets to practice money skills

Adding and subtracting money word problems

• Multiplying and dividing money word problems

How to calculate sales tax and discounts

• Tips and tricks to solve any money word problem
• Real-life examples of money word problems and how to solve them
• Bonus: additional grade 5 money math worksheets to boost 5 th graders' confidence and knowledge

Conclusion: applying money math skills to real-life situations

Grade 5 money math worksheets: the ultimate guide to saving and spending.

Help your 5 th graders find an ultimate guide to saving and spending with the help of these fantastic Grade 5 money math worksheets from selected Mathskills4kids.com .

These engaging 5th-grade money worksheets from Mathskills4kids consist of simple exercises for practicing money skills, such as adding and subtracting money, multiplying and dividing money, calculating sales tax and discounts, and more.

In this article, we'll also show 5th graders how to solve money word problems in 5 easy steps. Plus, we'll share some tips and tricks to solve any money word problem and real-life examples of money word problems.

And as a bonus, we'll give you access to some additional grade 5 money math worksheets that will take your 5th grader's money math skills to the next level!

Ready to get started? Let's dive in!

BROWSE THE WEBSITE

Download free worksheets, 5th grade math topics.

• Number sense
• Addition and subtraction

Multiplication

• Number theory
• Add & subtract decimals
• Multiply decimals
• Divide decimals
• Fractions & mixed numbers
• Add & subtract fractions
• Multiply fractions
• Divide fractions
• Mixed operations
• Problems solving
• Ratios and rates
• Percentages
• Number sequences
• Coordinate graph
• Variable expressions
• Data and Graphs
• Probability and statistics
• Telling time
• Unit of measurements
• Triangles & quadrilaterals
• Symmetry & transformations
• Geometric measurements

Start practice on Fifth Grade here

Money word problems can be tricky but don't have to be. Here are 5 easy steps that will help 5 th graders to master money word problems solving skills in no time:

• Read the problem carefully and identify what is given and what is asked. Look for keywords that indicate the operation needed, such as "total," "change," "spent," "earned," "saved," etc.
• Write down the given information using the same units of money (dollars or cents). If necessary, convert between units using the rule that 100 cents = 1 dollar.
• Choose the appropriate operation (addition, subtraction, multiplication, or division) and set up an equation using variables or symbols to represent the unknown quantities.
• Solve the equation using the order of operations (PEMDAS) and check your answer by plugging it back into the equation.
• Write your answer in a complete sentence using the correct units of money and label it clearly.

That's it! Following these 5 steps, your 5th grader can confidently and accurately solve any money word problem.

Fun and engaging Grade 5 money math worksheets to practice money skills

Now that you know how to solve money word problems, it's time to practice! We've selected some fun and engaging grade 5 money math worksheets from Mathskills4kids.com that cover various money skills, such as:

• Adding and subtracting money word problems : These worksheets will help your 5th grader practice adding and subtracting money amounts with decimals and finding the change from a given amount.
• Multiplying and dividing money word problems : These worksheets will help your 5th grader practice multiplying and dividing money amounts by whole numbers or decimals and finding the unit price or rate of a given item or service.
• How to calculate sales tax and discounts : These worksheets will help your 5th grader practice calculating sales tax and discounts on purchases and finding the final price or cost of an item or service after applying the tax or discount.
• Real-life examples of money word problems and how to solve them : These worksheets will present your 5th grader with some realistic scenarios of money word problems that they may encounter in their daily lives, such as shopping, budgeting, saving, investing, etc.

Let's start with adding and subtracting money word problems . These are problems where you will find the total amount of money or the change after buying something. For example, how much money do you spend buying a book for $12.50 and a pencil for $0.75? Or, if you have $20 and buy a sandwich for $4.25, how much money do you have left?

To solve these problems, you must line up the decimal points and add or subtract the numbers as usual. Remember to put the dollar sign and the decimal point in your answer!

Multiplying and dividing money word problems worksheet

Next, we have multiplying and dividing money word problems . These are problems where you will find the product or the quotient of money and a number. For example, if you earn $8 per hour and work 5 hours, how much money do you earn? Or, if you have $50 and want to split it equally among 4 friends, how much money does each friend get?

To solve these problems, you will multiply or divide the numbers as usual, but be careful with the decimal point. Move it two places to the left when multiplying and two places to the right when dividing. Also, remember to put the dollar sign and the decimal point in your answer!

Another important topic is how to calculate sales tax and discounts . Sales tax is a percentage of the price you must pay extra when buying something. For example, how much do you have to pay if you buy a shirt for $15 and the sales tax is 10%?

To find the sales tax amount, multiply the price by the sales tax rate as a decimal (10% = 0.1). Then, add the sales tax amount to the original price to get the total price. In this case, the sales tax amount is $15 x 0.1 = $1.5, and the total price is $15 + $1.5 = $16.5.

Discounts are a percentage of the price you save when buying something on sale. For example, how much do you pay if you buy a pair of shoes for $40 and the discount is 25%?

To find the discount amount, multiply the original price by the discount rate as a decimal (25% = 0.25). Then, subtract the discount amount from the original price to get the sale price. In this case, the discount amount is $40 x 0.25 = $10, and the sale price is $40 - $10 = $30.

10 real-life examples of 5 th Grade money word problems with solutions

Finally, let's look at some real-life examples of 5th Grade money word problems with solutions . These are problems that involve more than one step or operation, requiring careful reading and thinking. For example;

If you go to a movie theater with your friend and buy two tickets for $8 each, a large popcorn for $6, and two drinks for $3 each, how much money do you spend? To solve this problem, add all the costs: 2 x $8 + $6 + 2 x $3 = $28.

Or, if you have a coupon that gives you 20% off on any item at a store, and you buy a jacket that costs $45 before tax, and the sales tax is 8%, how much do you pay? To solve this problem, first find the sale price after applying the coupon: $45 - ($45 x 0.2) = $36. Then, find the sales tax amount: $36 x 0.08 = $2.88. Finally, add the sale price and the sales tax amount: $36 + $2.88 = $38.88.

Real-life situations-money math problems with solutions

Solution: To solve this problem, find out how much more money Anna needs to buy the bike and then divide that by her weekly income. We can use subtraction and division to do this.

$250 - $120 = $130

$130 / $10 = 13

Anna needs 13 more weeks to save enough money for the bike.

Solution: To solve this problem, we need to find out how much money Ben earns and how much he spends for each cup of lemonade, then subtract the cost from the revenue. We can use multiplication and subtraction to do this.

$0.50 x 1 = $0.50 (revenue)

$0.20 x 1 = $0.20 (cost)

$0.50 - $0.20 = $0.30 (profit)

Ben makes 30 cents of profit for each cup of lemonade he sells.

Solution : To solve this problem, we need to find out how much money Charlie's parents will pay and how much Charlie has to pay, and then subtract what he already has from what he needs. We can use division and subtraction to do this.

$60 / 2 = $30 (Charlie's parents' share)

$60 / 2 = $30 (Charlie's share)

$30 - $15 = $15

Charlie needs $15 more to buy the video game.

Solution : To solve this problem, we need to find out how much money Dani will save with the coupon and how much she will pay after applying the discount. We can use multiplication and subtraction to do this.

$12 x 0.20 = $2.40 (discount amount)

$12 - $2.40 = $9.60 (final price)

Dani will pay $9.60 for the book after using the coupon.

To solve this problem, we need to find out how much Ella has in total and how much she will spend on the necklace, then subtract the price from the amount. We can use addition and subtraction to do this.

$10 + $5 + $1 = $16 (total amount)

$18 - $16 = $2 (change amount)

Ella will get back $2 in change if she pays with these bills.

To solve this problem, we will determine how much each type of coin is worth and add up the total. We can use multiplication and addition to do this.

$0.25 x 12 = $3 (quarters)

$0.10 x 15 = $1.50 (dimes)

$0.05 x 18 = $0.90 (nickels)

$0.01 x 20 = $0.20 (pennies)

$3 + $1.50 + $0.90 + $0.20 = $5.60 (total amount)

Frank has $5.60 in his jar of coins.

To solve this problem, we need to find out how many slices each person gets and how much each slice costs, then multiply the cost by the number of slices. We can use division and multiplication to do this.

8 / 3 = 2.67 (slices per person)

$12 / 8 = $1.50 (cost per slice)

$1.50 x 2.67 = $4.01 (cost per person)

Each person should pay $4.01 if they share the pizza equally.

To solve this problem, we need to determine how much money Jack makes per day, week, and month and then add the amounts. We can use multiplication and addition to do this.

$0.25 x 40 = $10 (daily income)

$10 x 7 = $70 (weekly income)

$70 + $5 = $75 (weekly income with bonus)

$75 x 4 = $300 (monthly income)

Jack makes $300 a month.

Solution : To solve this problem, we need to find out how much money Kelly will save with the coupon, how much she will pay before tax, and how much tax she will pay, and then add up the amounts. We can use multiplication and addition to do this.

$40 x 0.15 = $6 (discount amount)

$40 - $6 = $34 (price before tax)

$34 x 0.08 = $2.72 (tax amount)

$34 + $2.72 = $36.72 (final price)

Kelly will pay $36.72 for the jeans after using the coupon and paying the tax.

Solution : To solve this problem, we need to find out how much money Leo will spend on each item and how many items he can buy with his budget, then compare the amounts. We can use multiplication and division to do this.

$12 x 1 = $12 (one pizza)

$15 x 1 = $15 (one cake)

$6 x 1 = $6 (one gallon of ice cream)

$2 x 1 = $2 (one liter of soda)

$100 / $12 = 8.33 (maximum number of pizzas)

$100 / $15 = 6.67 (maximum number of cakes)

$100 / $6 = 16.67 (maximum number of ice creams)

$100 / $2 = 50 (maximum number of sodas)

One possible solution is to buy 8 pizzas, 1 cake, 2 gallons of ice cream, and 10 liters of soda.

$12 x 8 = $96 (cost of pizzas)

$15 x 1 = $15 (cost of cake)

$6 x 2 = $12 (cost of ice cream)

$2 x 10 = $20 (cost of soda)

$96 + $15 + $12 + $20 = $143 (total cost)

However, this solution exceeds Leo's budget by $43, so he needs to reduce some items or find cheaper alternatives.

Another possible solution is to buy 6 pizzas, 1 cake, 1 gallon of ice cream, and 12 liters of soda.

$12 x 6 = $72 (cost of pizzas)

$6 x 1 = $6 (cost of ice cream)

$2 x 12 = $24 (cost of soda)

$72 + $15 + $6 + $24 = $117 (total cost)

This solution is within Leo's budget by $17, so he can either save the money or buy more items if he wants.

There may also be other possible solutions, as long as they are within Leo's budget.

These money math questions are fun, engaging, and challenging. They will help you develop 5 th graders’ math, critical thinking, and financial literacy skills.

Bonus: Additional money math resources to boost 5th graders' confidence and knowledge

If you want to give your 5th grader some extra practice and challenge in money math skills, we can advise you with some excellent websites, games, videos, and worksheets that you can use to supplement your money math lessons.

These resources cover decimals, fractions, percentages, interest, taxes, budgeting, etc. Check them out and see how they can boost your 5th graders' confidence and knowledge in money math!

• Math Playground : This website has tons of interactive games and activities that teach and practice money math skills. You can find games for different grade levels and topics, such as Decimal Place Value Pirates, Fraction Matcher, Percent Shopping, and Money Word Problems. Your students will love playing these games and learning at the same time! Visit https://www.mathplayground.com/ASB_Dolphin_Dash.html to explore the games.
• co Academy : This website is a great resource for learning and reviewing money math concepts. You can watch videos to teach your 5th-grade students how to do addition and subtraction with various money amounts. You can also teach them to solve word problems and calculate the merchandise's unit price. Visit https://study.com/academy/topic/5th-grade-math-money.html and teach money math in an exciting way.
• Math is Fun : This website has a lot of helpful information and examples that help you understand money math topics. You can read about the basics of money, such as coins, bills, currency, exchange rates, and rounding. You can also learn about more advanced topics, such as decimals, fractions, percentages, interest, taxes, budgeting, and saving. Visit https://www.mathsisfun.com/money/index.html to browse the topics.
• BrainPOP : This website has engaging videos and quizzes that teach you about money math topics. You can watch videos that feature Tim and Moby, two funny characters who explain the topics in a fun and easy way. You can also take quizzes that test your knowledge and give you feedback. Visit https://www.brainpop.com/games/moneymagic/ to watch the video on money.

Thank you for sharing the links of MathSkills4Kids.com with your loved ones. Your choice is greatly appreciated.

Money math skills are essential for 5th graders to learn and master, as they will help them become financially literate and responsible in the future. By practicing money word problems and other money math skills using Mathskills4kids’ worksheets, your 5th grader will be able to apply their knowledge and skills to real-life situations, such as:

• Planning and managing their finances, such as saving, spending, budgeting, investing, etc.
• Making intelligent and informed shopping decisions, such as comparing prices, finding the best deals, calculating taxes and discounts, etc.
• Understanding and using different forms of money, such as cash, checks, debit cards, credit cards, etc.
• Developing a positive attitude towards money and its value, such as appreciating what they have, being generous and charitable, avoiding debt and fraud, etc.

We hope you enjoyed this article and found it helpful. We encourage you to use our worksheets to help your 5th grader master money word problems and other money math skills.

We invite you to visit mathskills4kids.com for more enriching math worksheets in all Grades. Thank you for reading, and happy teaching!

WHAT’S THIS ALL ABOUT?

This is mathskills4kids.com a premium math quality website with original Math activities and other contents for math practice. We provide 100% free Math ressources for kids from Preschool to Grade 6 to improve children skills.

Subtraction

Measurement

Telling Time

Problem Solving

Data & Graphs

Kindergarten

First Grade

Second Grade

Third Grade

Fourth Grade

Fifth Grade

Sixth Grade

SUBSCRIBE TO OUR NEWSLETTER

Privacy policy.

Our team Don't Pass on to third parties any identifiable information about mathskills4kids.com users. Your email address and other information will NEVER be given or sold to a third party.

USE OF CONTENTS

Many contents are released for free but you're not allowed to share content directly (we advise sharing website links), don't use these contents on another website or for a commercial issue. You're supposed to protect downloaded content and take it for personal or classroom use. Special rule : Teachers can use our content to teach in class.

Problem Solving with Money

Problem Solving With Money Word Problems

This is another free resource for teachers from The Curriculum Corner.

Looking to help your students learn to solve word problems with money?

This math problem solving skill can be practiced with this set of resources.

Math Problem Solving Strategies

This is one in a series of resources to help you focus on specific problem solving strategies in the classroom.

Within this download, we are offering you a range of word problems for practice.

Each page provided contains a single problem solving word problem.

Below each story problem you will find a set of four steps for students to follow when finding the answer.

This set will focus on the draw a picture strategy for math problem solving.

What are the 4 problem solving steps?

After carefully reading the problem, students will:

• Step 1:  Circle the math words.
• Step 2:  Ask yourself: Do I understand the problem?
• Step 3:  Solve the problem using words and pictures below.
• Step 4:  Share the answer along with explaining why the answer makes sense.

These word problems involve addition and subtraction (with and without regrouping) of money amounts. 

Meets second and third grade common core standards. 

Students can use coin manipulatives, money stamps, drawing pictures or using number sentences to solve various problems. 

These money word problems address the following math standards:

• Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately.
• Fluently add and subtract within 100 using strategies based on place value, properties of operations, and/or the relationship between addition and subtraction.
• Add and subtract within 1000, using concrete models or drawings and strategies based on place value, properties of operations, and/or the relationship between addition and subtraction; relate the strategy to a written method. Understand that in adding or subtracting three-digit numbers, one adds or subtracts hundreds and hundreds, tens and tens, ones and ones; and sometimes it is necessary to compose or decompose tens or hundreds.
• Fluently add and subtract within 1000 using strategies and algorithms based on place value, properties of operations, and/or the relationship between addition and subtraction.

The problems include the following selections:

• Ice Cream Truck – addition of two amounts under $1.00 with regrouping
• Pinata – addition of two amounts over $1.00 with regrouping
• Daisies – addition of two amounts over $1.00 without regrouping
• Birthday – addition of three amounts with regrouping
• Family Camping Trip – addition of three whole dollar amounts, logical reasoning
• Bike Rental – addition of three whole dollar amounts, counting by fives
• Baseball – subtraction of money amounts without regrouping
• Dollhouse – subtraction of money amounts with regrouping
• A New Dog Leash – subtaction of money amounts across zeros
• The Birthday Present – mental math addition, subtraction of money amounts across zeros

You can download these free set of money word problems here:

Problem Solving

You might also be interested in the following free resources:

• Addition & Subtraction Word Problem Strategies
• Fall Problem Solving
• Winter Problem Solving
• Spring Problem Solving
• Summer Problem Solving

As with all of our resources, The Curriculum Corner creates these for free classroom use. Our products may not be sold. You may print and copy for your personal classroom use. These are also great for home school families!

You may not modify and resell in any form. Please let us know if you have any questions.

Angela Ware

Sunday 30th of August 2015

The money word problems are great! I like how each sheet ask the student to do something as they solve the problem. Thank you for sharing!

Sunday 23rd of February 2014

I am always looking for 'one more sheet' to help with math practice. These are perfect. Thank you for your continuous efforts and talents to provide meaningful work & information. It is very much appreciated.

Monday 20th of January 2014

These money story problems are awesome! Thank you!

Mastery-Aligned Maths Tutoring

“The best thing has been the increase in confidence and tutors being there to deal with any misunderstandings straight away."

FREE daily maths challenges

A new KS2 maths challenge every day. Perfect as lesson starters - no prep required!

25 Money Word Problems for Year 2 to Year 6 With Tips On Supporting Pupils’ Progress

Emma Johnson

Word problems with money are first introduced in the Maths Curriculum in Year 2. At this stage, children learn to recognise the different coins and the symbols for pounds and pence; find different combinations of coins and begin to solve simple addition and subtraction word problems.

As pupils progress through primary, they continue to encounter money and word problems involving money, right through to upper Key Stage 2. By Year 6 money is no longer specifically identified in the curriculum. However, pupils continue to be exposed to money word problems, through a range of mathematical concepts and word problems including: addition and subtraction word problems , division word problems , multiplication word problems decimals, fractions, percentages, ratio and algebra.

Money word problems in Year 2

Money word problems in year 3, money word problems in year 4, money word problems in year 5, money word problems in year 6.

• Why are word problems important for children’s understanding of money

How to teach money word problem solving in primary school

Money word problems for year 2, money word problems for year 3, money word problems for year 4, money word problems for year 5, money word problems for year 6, more word problems resources.

When children are first introduced to money problems, it is important for them to physically have the money to hold and manipulate, to help solve the problems. As students progress through the school, there is less of a need to have the money physically in their hands. Once they have built confidence in using written calculation methods, they are able to solve more complex problems involving money.

All Kinds of Word Problems

Download this free pack of word problems covering a wide range of maths topics. Perfect for developing your class' problem solving skills!

Children benefit from regular exposure to word problems, alongside any fluency work they are doing. To help you with this, we have put together a collection of 25 money word problems, which can be used with pupils from Year 2 to Year 6.

Children are also exposed to money word problems in Third Space Learning’s online one-to-one tutoring programmes. Adapted to the needs of each individual students, our programmes help to build maths skills and grow confidence in our young mathematicians.

Money word problems in the national curriculum

In Year 2, pupils are introduced to the different coins; learn the symbols for pounds and pence and combine amounts to make a particular value. They work on simple problems in a practical context involving addition word problems , and subtraction word problems of money of the same unit, including giving change.

Pupils in Year 3 continue to build on their understanding of money and its use in a practical context. They progress from adding and subtracting money of the same unit, to working with both pounds and pence; adding and subtracting amounts and giving change. Pupils in Year 3 start to solve simple 2-step calculations, by finding totals and working out how much change would be given.

In Year 4, the curriculum no longer mentions money under measures, but pupils continue to work with money through fractions and decimals. At this stage, pupils are expected to solve simple measures and money problems involving fractions and decimals to two decimal places.

Pupils in Year 5 are becoming more confident with the formal written methods for the four operations and are exposed to money word problems involving all four. They also continue to build on the knowledge of fractions and decimals and are first introduced to percentages through a range of word problems.

By Year 6, money is no longer explicitly mentioned in the curriculum, however pupils are exposed to word problems across a range of concepts, including: the four operations, fractions, decimals and percentage word problems , ratio word problems and algebra.

Why are word problems important for children’s understanding of money

Word problems are essential to children’s understanding of money, because they enable students to use money in a range of contexts they will be using in real-life. Confidence with money is a key life skill and it is important children have plenty of exposure to using it in a wide range of contexts. Money problems give children the opportunity to utilise the skills they have learnt in the maths lessons and put them into context, in a situation they understand and can relate to.

Pupils need to be taught the skills needed to solve word problems. It is essential they understand the importance of reading questions carefully, making sure they fully understand what is being asked. They then need to identify which calculation is required and whether there are any concrete resources or pictorial representations they can use to help them, alongside the coins, such as place value counters and bar models.

Here is an example:

An adult’s ticket to the water park costs £15.50, whilst a children’s ticket cost £9.50.

How much would it cost for 2 adults and 2 children to visit the water park and how much change would they get from £100?

How to solve:

What do you already know?

• We know that an adult ticket costs £15.50 and a child ticket costs £9.50.
• To calculate the cost of both adults, we are going to need to multiply the £15.50 by 2, or add £15.50 and £15.50.
• We will also need to do the same with the child’s ticket, costing £9.50.
• Once we have calculated the total cost of both adults and both children, we’ll need to add these answers together, to establish the total cost for the whole family.
• To calculate the amount of money from £100, we will need to subtract the total cost for the family from £100.

How can this be represented pictorially?

• We can draw bar models to represent the cost of the adult tickets, child tickets and the total for the family.
• We can then use the answer from the third bar model to represent finding how much change from £100.
• We can see from these bar models that there would be £50 left once the family had paid to enter the waterpark.

Money word problems in Year 2 require students to recognise coins and use the symbols for pounds and pence. Children solve real world problems –  finding totals and calculating change when working with the same unit (pounds or pence). 

Mason buys a pen for 14p and a rubber for 8p. How much does he spend altogether?

Answer: 22p

14 + 8 = 22

Maisie gets 20p from the tooth fairy. She already had 16p.

How much does she have now?

Answer: 36p

20 + 16 = 36

Maisie has 3 coins.

She has 16p in total.

Which 3 coins must she have?

Answer: 10p, 5p and 1p

10 + 5 + 1 = 16

Maryam spends 28p on a bag of sweets.

She gets 12p change.

How much did she pay for the bag of sweets?

Answer: 40p

28 + 12 = 40p

Hamza has two 20p coins.

He buys a chocolate bar for 30p.

How much change does he get?

Answer: 10p change

20 + 20 = 40

40 – 30 = 10

Word problems for year 3 build upon the knowledge from year 2,  solving word problems involving both pounds and pence together and calculating change. At this stage, children should be using decimal notation for amounts of money and using both formal and informal methods to add and subtract money amounts in pounds and pence.

(Pictures of 1p, 5p, 10p, 20p, 50p and £1 coins here)

Jamie has the coins above in his wallet. If he takes out 3 coins, what is the highest amount he could take out of his wallet?

Answer: £1.70

£1 + 50p + 20p

Noah buys 2 chocolate bars for £1.35 each and a packet of crisps for 45p.

How much does he spend altogether?

Answer: £3.15

1.35 x 2 = 2.70

2.70 + 45 = 315

Tickets for the school fair are £1.50 for children and £2.50 for adults.

How much will it cost for family of 2 adults and 2 children to go to the fair?

1.50 x 2 = 3

2.50 x 2 = 5

Jackson buys 4 apples for 30p each and 2 bananas for 25p each.

30 x 4 = 120

25 x 2 = 50

120 + 50 = 170

Amaya had £10 to spend at a carboot sale.

She bought 2 books for £1.20 each and a pack of pens for £1.50,

How much money did she have left at the end?

Answer: £6.10

Children should be able to solve each part mentally, by adding the pounds and then the pence.

1.20 +1.20 = 2.40

2.40 + 1.50 = 3.90

To work out how much change Amaya would get, children can count up from £3.90 to £10.00. They will find this easier than subtracting £3.90 from £10.00.

10.00 – 3.90 = 6.10

With word problems for year 4 , pupils need to be able to order amounts of money, using rounding to estimate and calculate using the four operations. They also encounter money maths problems through other concepts, such as fractions.

Sam bought a T-shirt for £18.50 and a hoodie for £24.99. How much did he spend in total?

Answer: £43.49

Show as column method: 18.50 + 24.99 = 43.49

• Pizza: £2.99
• Burger: £2.50
• Hot dog: £1.80
• Fries: 1.25

Chloe took her best friend out to celebrate her birthday.

She bought a pizza, a burger and 2 portions of fries.

How much did she spend altogether?

Answer: £7.99

Show as column method:

2.99 + 2.50 = 5.49

1.25 x 2 = 2.50

5.59 + 2.50 = 7.99

Mason won £500 in a competition.

He decided to give ⅕ of the prize to his sister, ⅕ to his brother and ⅕ to his parents.

How much money did he keep for himself?

⅕ of 500 = 100

He gave ⅗ away and kept ⅖ for himself. ⅖ of 500 = 200

A school paid 4p for every worksheet printed out on the photocopier

Teachers printed out 560 maths worksheets in one week.

How much did the school spend, printing out the worksheets?

Answer: £22.40

560 x 4 = 2240

2240p = £22.40

Sara had £100 to spend on clothes. 

She bought a pair of jeans for £44.50 and a top for £35.99

How much money did Sara have left?

Answer: £19.51

44.50 + 35.99 = 80.49

100 – 80.49 = 19.51

Word problems for year 5 include the four operations, but with larger numbers than pupils were working with in Lower Key Stage 2. They are also presented to students through fraction word problems , decimal and percentages topics 

Mr Smith spends £5,999 on a car and £3,899 on a caravan.

Answer: £9,898

Show as column addition:

5999 + 3899 = 9898

Oliver is saving to buy a laptop costing £1250.

He has saved ⅖ of the money he needs. How much more does he need to save to buy the laptop?

Answer: £750

⅕ = 1250 ÷ 5 = £250

Mason saves £9 every week, from carrying out jobs around the house.

He is saving to buy a new phone, costing £370.

How many weeks will it take him to save enough money to buy the phone?

Answer: Mason will need to save for 42 weeks

Show as bus stop division: 370 ÷ 9  =   41 r1

Amber is at the fun fair.

Her favourite ride costs £2.75. She goes on that 5 times and buys a packet of doughnuts for £1.80.

If she had £20 to spend, how much money does she have left at the end?

Answer: £4.45

2.75 x 5 = 13.75

13.75 + 1.80 = £15.55

20.00 – 15.55 = 4.45

Jemma is calculating how much it will cost her to buy party bags for all the friends who come to her party.

Each party bag costs £3.75 and she has 9 friends coming to her party.

How much will she need to pay for the 9 party bags in total?

Answer: £33.75

Show as column multiplication: 3.75 x 9 = 33.75

With word problems for year 6 , pupils encounter multi-step word problems and those involving larger amounts of money and cover a range of concepts, including: the 4 operations, fractions, decimals, percentages, ratio and algebra. Money word problems are often included in the KS2 reasoning SATs papers.

Mr and Mrs Jackson are buying a new house. 

The house costs £425,999 to buy and they have a deposit of £84,000 from the sale of their last house.

How much more will they have to borrow, to be able to buy the house?

Answer: £341,999

425,999 – 84,000 = 341,999

The cost for all 90 Year 6 pupils to visit the outward bounds centre for the day is £2,430

How much does it cost per child?

Answer: £27

Show as long division:

2430 ÷ 90 = 27

A car decreases in value by 23% in one year. If it was worth £10,000 when it was bought. How much is it worth now?

Answer: £7,700

10% of 10,000 = £1,000

20% of £10,000 = £2000

1% of £10,000 = 100

3% of £10,000 = 300

10,000 – 2300 = 7,700

Mr Lampard was budgeting for the month,

He needed to pay: 

• £240 council tax
• £150 for gas and electricity
• £45 for water
• £38 for internet and phone line
• £125 petrol

After tax he earns £3200 per month.

How much does he have left over for food, social activities and saving.

Answer: £1802

Total spent:

800 + 240 + 150 + 45 + 38 + 125 = 1398

3200 – 1398 = 1802

£60 is shared between Abbie, Ben and Carly, as a ratio of 2:3:7

How much does each person get?

Answer: Abbie: £10, Ben: £15, Carly: £35

60 ÷ 12 = 5

Looking for more word problems on a range of topics? Take a look at our collection of time word problems .

DO YOU HAVE STUDENTS WHO NEED MORE SUPPORT IN MATHS?

Every week Third Space Learning’s specialist primary maths tutors support thousands of students across hundreds of schools with weekly online 1 to 1 maths lessons designed to plug gaps and boost progress.

Since 2013 these personalised one to one lessons have helped over 150,000 primary and secondary students become more confident, able mathematicians.

Learn how tutors develop pupils’ maths fluency or request a personalised quote for your school to speak to us about your school’s needs and how we can help.

Related articles

Maths Problem Solving: Engaging Your Students And Strengthening Their Mathematical Skills

Free Year 7 Maths Test With Answers And Mark Scheme: Mixed Topic Questions

What Is A Number Square? Explained For Primary School Teachers, Parents & Pupils

What Is Numicon? Explained For Primary School Teachers, Parents And Pupils

FREE Guide to Maths Mastery

All you need to know to successfully implement a mastery approach to mathematics in your primary school, at whatever stage of your journey.

Ideal for running staff meetings on mastery or sense checking your own approach to mastery.

Privacy Overview

Special May offer - 7 days free unlimited access to all premium content Try Premium

• Fifth Grade

Money Word Problems and Operations

Fifth grade money word problems and operations.

Filter by Grade:

Filter by subject:.

Skip to Main Content

• My Assessments
• My Curriculum Maps
• Communities
• Workshop Evaluation

Share Suggestion

Problem solving with money, lesson plan, grade levels, course, subject.

• Printer Friendly Version

Place value

Students will solve money problems with two-digit numbers.

Lesson Essential Question(s)

Essential Question: How can expressions,equations,and inequalities be used to quantify,solve,model and/or analyze mathematical situations?

Essential Questions: ow is mathematics used to quantify,compare represent,and model numbers?

Mathematical relationships can be represented as expressions,equations,and inequalities in mathematical situations.

Mathematica; relationships among numbers can be represented, compared and communicated.

45 to 60 minutes ( 1-2 class periods)

Making Change 1 SAS Problem Solving.docx Making Change 2 SAS Problem Solving.docx Making Change 3 SAS Problem Solving.docx Making Change 4 SAS Problem Solving.docx Making Change 5 SAS Problem Solving.docx SAS- Problem Solving Steps for Subtraction of Two-digit numbers.docx Ticket into math SAS Problem Solving.docx Ticket Out the Door SAS Problem Solving.docx

Chart Paper

Suggested Instructional Strategies

Instructional procedures.

             In today's lesson, we are going to solve money word problems.

• Introduce "Ticket Into Math" (Formative Assessment 1) I want to know what you know about making change. Please complete this Ticket Into Math independently.
• Once students complete the ticket quickly look over to determine students understanding of money.
• Discussion questions: Have students turn and talk to their partner.
• Whisper to your partner and discuss what you noticed about the ticket into math. Share what strategy you used to solve the money problem. Allow students one minute to talk then choose a few partners to share out to the class.
• Lead the discussion and discuss different strategies that students chose. Record strategies on chart paper. Once students are finished talking move to the activity.
• Display Making Change Sheet 1
• Joey has 50 cents. He bought a pencil for twenty-five cents. How much money does he have left?
• Turn and talk to your partner and tell them if this is an adding or subtraction problem?
• Thumbs up if you think it is an addition problem. Thumbs up if you think it is a subtraction problem.
• Yes it is a subtraction problem because Joey has some money and then some of his money goes away. 
• What is one strategy we could use to determine how much Joey has left? Generate a response from a student. Potential responses should include counting up from the cost of the pencil to how much money he has, or a 2 digit subtraction problem. Some students may say they just knew the answer. If this is the case have them explain their reasoning.

I want to share strategies that will help you remember the steps to problem solve. Display Strategy Document. These steps will help you as you solve the problem.

Read the strategies . 1.   Read the entire problem. 2.  Circle the numbers that you see. 3. Box the math words  4.  Underline what they are asking you to do 5. Decide what  kind of problem(addition or subtraction) 6. solve the problem.

Display Making Change Sheet 2

• Step 1 Read the entire problem.
• Anna earned three dollars and fifty cents for helping her mom pull weeds. She bought an icecream for forty-three cents. How much money does she have left?
• Step 2 Circle the numbers
• Sometimes numbers are written and not numerals. You should circle either way.
• Step 3 Box the Math Words
• We want to box the math words because they will help us figure out the problem.  For this problem we will box dollars, bought and money.
• Step 4 Underline what you are supposed to do
• Underline the sentence How much money does she have left?
• Step 5 Decide what kind of problem (subtraction)
• Step 6 Solve the problem
• Set up the math problem  vertically $3.50-.43 =
• Share Steps to Subtract Document
• Look at the ones place. (point to the ones place) Is the bigger number on top? No so we need to take one ten away from the tens place and move it to the ones place. Cross out the five and make it a 4 and place a 1 in the ones place. Now look at the ones place. Is the bigger number on top? Yes so you can subtract. 10-3 = 7   4-4 =0 bring down the three. The answer is $3.07.
• Pass out Making Change Sheet 3 (formative assessment)
• Follow the strategy steps and solve Making Change Sheet 3 independently.  Walk around the room while the students are working to support where needed. Use the formative assessment to group next activity. Struggling students should be taught in small group using Making Change sheet 4 following all the steps again from sheet 2. Guide small group through Making Change Sheet 5. Students who understand should work independently to solve the Making Change Activity Sheet 5.  Allow students time to work out the problems (20 minutes). After 20 minutes bring groups back together. and pass out Ticket Out the Door.
• Please complete the Ticket Out the Door independently.

Making Change 1 SAS Problem Solving.docx Making Change 2 SAS Problem Solving.docx Making Change 3 SAS Problem Solving.docx Making Change 4 SAS Problem Solving.docx Making Change 5 SAS Problem Solving.docx Ticket into math SAS Problem Solving.docx Ticket Out the Door SAS Problem Solving.docx SAS- Problem Solving Steps for Subtraction of Two-digit numbers.docx SAS- Problem Solving Steps for Subtraction of Two-digit numbers.docx

Formative Assessment

Ticket into Math

Making Change Sheet 3

Ticket Out the Door

Related Materials & Resources

Date published.

Helping with Math

Note: this page contains legacy resources that are no longer supported. You are free to continue using these materials but we can only support our current worksheets , available as part of our membership offering .

Math Money Word Problems

In this lesson, students will solve math word problems using money, decimals , and fractions . These problems will include all four operations (addition, subtraction , multiplication , and division). Students will solve problems involving multiple steps (for example, students may be asked to first add, then subtract). Lastly, students will solve money problems using simple fractions.

Learning Outcomes

On successful completion of this lesson your child will be able to:

• Solve money problems using all four operations (addition, subtraction, multiplication, and division)
• Solve multi-step problems (e.g. first multiply, then subtract)
• Solve money problems using simple fractions

Work through the warm up section below with your children and then try the worksheet before moving on to the main part of the lesson.

Operations and Key Words in Word Problems

The chart below shows common terms for the 4 operations found in many word problems.

Below are some examples of key words in word problems.

• Jackson has 250 baseball cards and 175 football cards. How many baseball and football cards does he have  in all ? (Add 250 + 175 = 425 cards).
• How many more  baseball cards than football cards does Jackson have? (Subtract 250 – 175 = 75 cards).
• Mrs. Silver has 5  rows  of daisies in her garden. There are 6 daisies in each row. How many  total  daises are in Mrs. Silver’s garden? (Multiply 6 x 5 = 30 daisies).
• Mrs. Silver also has lilies in her garden. She planted 18 daisies. She has 6  rows  of daisies. How many daisies are in  each row ? (Divide 18 ÷ 6 = 3 daisies in each row)

Money, Decimals, Fraction Connections

The chart below shows you connections between money, decimals, and fractions

Pre-assessment worksheet

Have your children try the assessment worksheet below before starting the main lesson.

• Word Problems: Money  – Pre-assessment

Main Lesson: Money Word Problems

Below are eight examples of money word problems. Work through these with your children and have them try the word problem worksheets as they go.

Example 1 of 8: Money Word Problem With Addition

Stephanie received {$15.25} for babysitting on Friday night and {$17.75} for babysitting on Saturday night. How much did she make in total?

Help your children add money using real dollars and coins. Encourage them to count dollars and coins left over from change, that is in your wallet, or spare change in the house.  Remind them that when they count money, they are adding and that coins are decimals . Coins are parts of dollars just like decimals are parts of whole numbers .

Example 2 of 8: Money Word Problem With Subtraction

Jessica has {$25.00} to spend in the video game store. She buys a used game for {$15.83}. How much money does she have left over?

Example 3 of 8: Money Word Problem With Multiplication

Sol wants to buy a candy bar for {$0.75}. If he buys {4} candy bars, how much total money will he spend?

• Step 1: Underline important information and { bracket}  important numbers.
• Step 2: Ask: What is this question asking me to do? (Determine how much total money will Sol spend?).
• Step 3: Write a number sentence ($0.75 x 4)
• Step 4: Count the number of decimal places in 0.75. There are 2 decimal places. The 7 is in the tenths place and the 5 is in the hundredths place.
• Step 5: Multiply 75 x 4 = 300
• Step 6: Put the decimal point back into the product.  3.00
• Step 7: Write the answer.  Sol will have to spend $3.00

Encourage your children to use the partial product method to multiply 75 by 4. Partial product involves multiply the 75 in expanded form (70 x 4)+(5 x 4)=300

Example 4 of 8: Money Word Problem With Division

Rudy received {$24.75} for his birthday. He wants to split the money into groups to save for {three things}: movie tickets; art supplies; music downloads. If he wants the same amount for each activity, how much money will he put into each group?

• Step 1: Underline operation key terms and {bracket} important numbers.
• Step 2: Ask: What is this question asking me to do? (How much will Rudy put into each group?).
• Step 3: Write a number sentence ($24.75 ÷ 3)
• Step 4: Divide whole dollars first (24 ÷ 3 = 8)
• Step 5: Divide cents next (0.75 ÷ 3 = 0.25)
• Step 6: Add dollars and cents. $8 + 0.25 = $8.25
• Step 7: Write the answer.  Rudy will put $8.25 in each group.

Try this  Word Problems Worksheet  to practice with money word problems that are similar to examples 1 to 4 above.

Remind your children that 0.75 is 3 quarters. Three quarters divided by 3 is one quarter or 0.25.

Example 5 of 8: Multi-step Money Word Problem

Talia is at the mall with her friends. She buys a DVD for {$10.99}. Then she buys a new pair of earrings for {$8.25}. Lastly, she gets her mother a bouquet of flowers for {$9.50}. If she starts with {$50}, how much does she have after she goes shopping?

• Step 2: Ask: What is this question asking me to do? (How much will Talia have after she goes shopping?).
• Step 3: First, add the total amount that she spent ($10.99 + $8.25 + $9.50 = $28.74)
• Step 4: Then, subtract the  total  amount Talia spent from the amount she started with ($50.00 – $28.74 = $21.26)
• Step 5: Write the answer. Talia spent $21.26

Remind your child that a multi-step problem means that there is more than one step in solving the problem. In this case, first you add, then you subtract.

Example 6 of 8: Multi-step Money Word Problem

Josiah is buying {5} packs of gum that cost {$1.50} each. He wants to share his gum with {two} friends. He asks his friends to pay him for their share. Including Josiah, how much does each person spend on gum?

Try this  Multi-step word problems worksheet  to practice with problems that are similar to examples 5 and 6 above.

Dividing decimals may present a challenge for your child. Also, in the above problem, encourage your child to make connections between the 7.50 and the 3 as “seventy-five cents” and “three.” If you divided 75 cents by 3, you would get 25 cents. Note: Your children might not be shown how perform operations with decimals until 5th Grade.

Example 7 of 8: Money Word Problem With Fractions

Todd has {$100} saved from shoveling snow and raking leaves. If { ½ } his money came from shoveling snow, how much money did he make raking leaves?

• Step 2: Ask: What is this question asking me to do? (How much money did Todd make raking leaves?).
• Step 3: First find ½ of $100. $100 ÷ 2 = $50
• Step 4: Since half divides the $100 into two equal amounts, Todd made $50 from raking leaves and $50 from shoveling snow.
• Step 5: Write the answer. Todd made $50 shoveling snow.

Example 8 of 8: Money Word Problem With Fractions

Spencer received {$240} a month for tutoring 4th grade students. { ¼ } of his earnings came from tutoring students in math. How much money did he make tutoring students in math?

• Step 2: Ask: What is this question asking me to do? (How much money did Spencer make tutoring math?).
• Step 3: First find ¼ of $240. Since one-fourth (¼) means to divide by 4, you are now dividing by a whole number: $240 ÷ 4 = $60.
• Step 5: Write the answer. Spencer made $60 tutoring math.

Try this  Money Word Problems Worksheet  to practice with problems that are similar to examples 7 and 8 above.

Money Word Problems: Worksheets

Listed below are the 3 worksheets included in the above lesson

• Word Problems: Decimals Worksheet  – with addition, subtraction, multiplication, & division
• Word Problems: Multi-step
• Word Problems: Money With Fractions

Test Questions

Have your children try the 8 questions in the Post-assessment worksheet below. Check their answers and review this lesson with them if necessary.

• Word Problems: Money  – Post-assessment (8 questions)

Additional Theory:

Latest worksheets.

The worksheets below are the mostly recently added to the site.

Counting Numbers 1 – 100 (by tens) Kindergarten Math Worksheets

Understanding Measurements Length and Width of an Object Kindergarten Math Worksheets

Properties of Shapes Kindergarten Math Worksheets

Decomposition of Numbers within 10 Kindergarten Math Worksheets

Pie Chart (Space Day Themed) Math Worksheets

Understanding the properties of rotations, reflections, and translations of 2D figures 8th Grade Math Worksheets

Solving Linear Equations in One Variable Integral Coefficients and Rational Coefficients 8th Grade Math Worksheets

Interpreting linear functions in a form of y=mx+b and its graph 8th Grade Math Worksheets

Performing Operations using Scientific Notation 8th Grade Math Worksheets

Understanding Irrational Numbers 8th Grade Math Worksheets

Money (Paying) Practice Questions

Click here for Questions

Click here for Answers

GCSE Revision Cards

5-a-day Workbooks

Primary Study Cards

Privacy Policy

Terms and Conditions

Corbettmaths © 2012 – 2024

Free Printable Money Word Problems Worksheets for 6th Grade

Money Word Problems: Discover a collection of free printable worksheets for Grade 6 math teachers, focusing on real-life scenarios involving money. Enhance your students' problem-solving skills with these valuable resources from Quizizz.

Explore Money Word Problems Worksheets by Grades

• kindergarten

Explore Other Subject Worksheets for grade 6

• Social studies
• Social emotional
• Foreign language
• Reading & Writing

Explore printable Money Word Problems worksheets for 6th Grade

Money Word Problems worksheets for Grade 6 are an essential resource for teachers looking to challenge their students and enhance their mathematical skills. These worksheets focus on real-life scenarios that require students to apply their knowledge of math concepts in order to solve problems involving money. By incorporating these Grade 6 Math Word Problems worksheets into their lesson plans, teachers can provide students with a variety of engaging and thought-provoking exercises that will help them develop a deeper understanding of the subject matter. Additionally, these worksheets can be easily adapted to meet the diverse needs of students, making them a valuable tool for differentiated instruction. Teachers can also use these worksheets as a means of assessment, allowing them to gauge their students' progress and identify areas where additional support may be needed. Money Word Problems worksheets for Grade 6 are a must-have for any teacher looking to provide their students with a well-rounded math education.

Quizizz is an innovative platform that offers a wide range of educational resources, including Money Word Problems worksheets for Grade 6, to help teachers create engaging and interactive learning experiences for their students. With Quizizz, teachers can access a vast library of pre-made quizzes and worksheets, covering various topics in Math and other subjects, making it easy to find the perfect resource for their Grade 6 students. The platform also allows teachers to create their own custom quizzes and worksheets, giving them the flexibility to tailor the content to their students' specific needs and learning objectives. In addition to worksheets, Quizizz offers features such as live quizzes, flashcards, and game-based learning, providing teachers with a variety of tools to keep their students motivated and engaged. By incorporating Quizizz into their lesson plans, teachers can ensure that their Grade 6 students receive a comprehensive and enjoyable math education.

Reading & Math for K-5

• Kindergarten
• Learning numbers
• Comparing numbers
• Place Value
• Roman numerals
• Subtraction
• Multiplication
• Order of operations
• Drills & practice
• Measurement
• Factoring & prime factors
• Proportions
• Shape & geometry
• Data & graphing
• Word problems
• Children's stories
• Leveled Stories
• Context clues
• Cause & effect
• Compare & contrast
• Fact vs. fiction
• Fact vs. opinion
• Main idea & details
• Story elements
• Conclusions & inferences
• Sounds & phonics
• Words & vocabulary
• Reading comprehension
• Early writing
• Numbers & counting
• Simple math
• Social skills
• Other activities
• Dolch sight words
• Fry sight words
• Multiple meaning words
• Prefixes & suffixes
• Vocabulary cards
• Other parts of speech
• Punctuation
• Capitalization
• Narrative writing
• Opinion writing
• Informative writing
• Cursive alphabet
• Cursive letters
• Cursive letter joins
• Cursive words
• Cursive sentences
• Cursive passages
• Grammar & Writing

Breadcrumbs

• Word Problems
• Counting Money

Download & Print Only $4.00

Money word problems

Counting money word problem worksheets.

These money word problems involving the counting of coins. Students are given stories in which they are asked to count their coins and decide, who has more money, whether they have enough money to buy an item, and similar. 

These worksheets are available to members only.

Join K5 to save time, skip ads and access more content. Learn More

More word problem worksheets

Explore all of our math word problem worksheets , from kindergarten through grade 5.

What is K5?

K5 Learning offers free worksheets , flashcards  and inexpensive  workbooks  for kids in kindergarten to grade 5. Become a member  to access additional content and skip ads.

Our members helped us give away millions of worksheets last year.

We provide free educational materials to parents and teachers in over 100 countries. If you can, please consider purchasing a membership ($24/year) to support our efforts.

Members skip ads and access exclusive features.

Learn about member benefits

This content is available to members only.

• Forgot Password?