Money Word Problems

Front

What is a money word problem?

Back

A money word problem is a math problem that involves money and requires you to calculate how much you have, how much you spent, or how much you received.

Front

How do you find out how much money you have left after spending?

Back

To find out how much money you have left, subtract the amount you spent from the amount you had.

Front

If you have $10.00 and buy something for $2.99, how do you calculate your remaining money?

Back

Subtract $2.99 from $10.00. $10.00 - $2.99 = $7.01.

Front

What is the first step in solving a money word problem?

Back

Read the problem carefully to understand what is being asked and identify the amounts involved.

Front

If you buy two items, how do you find the total cost?

Back

Add the prices of both items together to find the total cost.

Front

What do you do if you receive change after a purchase?

Back

Subtract the cost of the item from the amount you paid to find out how much change you received.

Front

How do you calculate the total amount of money you have after making multiple purchases?

Back

Start with the total amount you had, then subtract the total cost of all items purchased.

Front

If you have $20.00 and spend $5.95 and $1.99, how do you find out how much you have left?

Back

First, add $5.95 and $1.99 to get the total spent. Then subtract that total from $20.00.

Front

What is the formula to calculate change received?

Back

Change = Amount Paid - Cost of Item.

Front

If you buy a toy for $5.45 and pay with a $10 bill, how do you find your change?

Back

Subtract $5.45 from $10.00 to find your change: $10.00 - $5.45 = $4.55.