Word Problems with Money

Front

What is a word problem?

Back

A word problem is a math problem that is presented in the form of a story or real-life situation, requiring you to use math to find the solution.

Front

How do you find the total cost of items?

Back

To find the total cost, add the prices of all the items together.

Front

If you have a certain amount of money and you spend some, how do you find out how much you have left?

Back

Subtract the amount spent from the total amount you had.

Front

What is change in a money transaction?

Back

Change is the amount of money returned to a buyer after they pay for a purchase that costs less than the amount they gave.

Front

How do you calculate change?

Back

To calculate change, subtract the total cost of the items from the amount of money given to the cashier.

Front

What does it mean to have more money than someone else?

Back

It means that your total amount of money is greater than theirs.

Front

How do you find out how much more money one person has than another?

Back

Subtract the smaller amount from the larger amount.

Front

What is the importance of budgeting?

Back

Budgeting helps you plan how to spend your money wisely and ensures you have enough for what you need.

Front

What is a total amount?

Back

The total amount is the sum of all individual amounts combined.

Front

What is a cost?

Back

Cost is the amount of money required to purchase something.