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mathematics money problem solving

Common Core - State Standards Initiative

Students will absolutely need to know how to handle money in their daily lives. Math Games is here to make sure that happens! Our free educational games motivate kids to hone and develop this skill by combining instructional tools with competitive fun.

Our games can be played on computers and mobile devices, and we offer other free resources (such as printable worksheets) to facilitate math review inside and outside the classroom. Pupils can use our tools to practice:

  • Counting and understanding money values
  • Adding and subtracting money
  • Making change and interpreting price lists
  • Calculating tips, markups, discounts and commission
  • Understanding simple and compound interest

With Math Games, pupils complete tasks that are specially tailored to their individual abilities and grade level, and get to have a blast in the process! Choose a skill to start playing now.

Money Worksheets

Welcome to the money worksheets page at Math-Drills.com where you will not be short-changed! This page includes Money worksheets for counting coins and for operations with Dollars, Euros, and Pounds.

Students encounter money early on, and they must be able to manage it themselves in their everyday lives and into adulthood. There are many activities that you can do related to counting, adding, and subtracting money, so save some coins or purchase some play money to complete some of the activities on the money math worksheets below.

The policies of the United States Mint and the European Central Bank allow us to use their coin images on our worksheets. The Canadian coin images are used with permission from the Royal Canadian Mint. Permission to use Australian currency coin designs was obtained from the Royal Australian Mint.

Most Popular Money Worksheets this Week

Counting U.S. Coins

Counting Coins Worksheets

mathematics money problem solving

This is a great place to start with younger students as they are likely to encounter coins before they encounter too many bills. Including children in money transactions helps them to develop important money management skills and has benefits in other math topics such as fractions.

Until everyone starts paying with their smart phones and microchips in their fingers, coins are still a thing. The U.S. Mint still makes billions of coins every year and children will probably encounter them very early on in their life. Knowing how much money you have in coins can be accomplished with a coin counting machine, or it can be accomplished with some mental math.

  • Counting U.S. Coins Counting U.S. Coins Counting U.S. Coins including Half and One Dollar Coins Counting Small Collections of U.S. Coins Counting Small Collections of U.S. Coins including Half and One Dollar Coins
  • Counting Sorted U.S. Coins Counting Sorted U.S. Coins Counting Small Collections of Sorted U.S. Coins
  • Counting Canadian Coins Counting Canadian Coins Counting Canadian Coins (No $) Counting Small Collections of Canadian Coins Counting Small Collections of Can. Coins (No $) Counting Canadian Coins Including 50 Cent Pieces
  • Counting Sorted Canadian Coins Counting Sorted Canadian Coins Counting Sorted Canadian Coins (No $) Counting Small Collections of Sorted Canadian Coins Counting Small Collections of Sorted Canadian Coins (No $)

No one likes their coins better than the U.K. With pockets full of eight different coin values, reinforced stitching on trouser pockets and handbags is common place. Learning to count all of these coins is a feat in itself, but the worksheets in this category should help.

  • Counting British Coins Counting British Coins Counting British Coins - No Pound Coins Counting Small Collections of British Coins Counting Small Collections of British Coins (No Pound Coins)
  • Counting Australian Coins Counting Australian Coins Counting Australian Coins (No Dollars) Counting Small Collections of Australian Coins Counting Small Collections of Australian Coins (No Dollars)
  • Counting Sorted Australian Coins Counting Sorted Australian Coins Counting Sorted Australian Coins (No Dollars) Counting Small Collections of Sorted Australian Coins Counting Small Collections of Sorted Australian Coins (No Dollars)
  • Counting Euro Coins Counting Euro Coins Counting Euro Coins (No 1 or 2 Cents) Counting Euro Coins (No 1 or 2 Euro Coins) Counting Euro Coins (Only 5, 10, 20 and 50 Cent Coins) Counting Small Collections of Euro Coins Counting Small Collections of Euro Coins (No 1 or 2 Cents) Counting Small Collections of Euro Coins (No 1 or 2 Euro coins) Counting Small Collections of Euro Coins (Only 5, 10, 20 and 50 Cent Coins)
  • Counting Sorted Euro Coins Counting Sorted Euro Coins Counting Sorted Euro Coins (No 1 or 2 Cents) Counting Sorted Euro Coins (No 1 or 2 Euro coins) Counting Small Collections of Sorted Euro Coins Counting Small Collections of Sorted Euro Coins (No 1 or 2 Cents) Counting Small Collections of Sorted Euro Coins (No 1 or 2 Euro coins)
  • Counting New Zealand Coins Counting New Zealand Coins (No Dollars) Counting New Zealand Coins Counting Small Collections of New Zealand Coins (No Dollars) Counting Small Collections of New Zealand Coins

Rounding Money Amounts

mathematics money problem solving

The next dollar up is a skill for young students who are not yet able to make change, but can determine how many dollars it will take to cover an amount. For example, if something is $5.45 in a store, then they would need to give $6 to cover that amount since the next dollar up from $5.45 is $6. Students should understand that any amount above zero after the decimal means they need to add another dollar to the number before the decimal in order to have enough to pay for the item. The rest of the worksheets in this section are general rounding questions involving dollar amounts.

  • Next Dollar Up (U.S. Version) Next Dollar Up (Amounts to $5 ) (U.S. Version) Next Dollar Up (Amounts to $10 ) (U.S. Version)
  • Next Dollar Up (Canadian Version) Next Dollar Up (Amounts to $5 ) ( Canadian Version) Next Dollar Up (Amounts to $10 ) ( Canadian Version)
  • Next Dollar Up (Australian Version) Next Dollar Up (Amounts to $5 ) ( Australian Version) Next Dollar Up (Amounts to $10 ) ( Australian Version)
  • Next Pound Up (U.K. Version) Next Pound Up (Amounts to £5 ) Next Pound Up (Amounts to £10 )
  • Rounding Dollar Amounts Rounding Dollar Amounts to the Nearest 5 Cents Rounding Dollar Amounts to the Nearest 10 Cents Rounding Dollar Amounts to the Nearest 20 Cents Rounding Dollar Amounts to the Nearest 25 Cents Rounding Dollar Amounts to the Nearest 50 Cents Rounding Dollar Amounts to the Nearest 1 Dollar Rounding Dollar Amounts to the Nearest 2 Dollars Rounding Dollar Amounts to the Nearest 5 Dollars
  • Rounding British Pound Amounts Rounding British Pound Amounts to the Nearest 5 Pence Rounding British Pound Amounts to the Nearest 10 Pence Rounding British Pound Amounts to the Nearest 20 Pence Rounding British Pound Amounts to the Nearest 25 Pence Rounding British Pound Amounts to the Nearest 50 Pence Rounding British Pound Amounts to the Nearest 1 Pound Rounding British Pound Amounts to the Nearest 2 Pounds Rounding British Pound Amounts to the Nearest 5 Pounds
  • Rounding Euro Amounts Rounding Euro Amounts to the Nearest 5 Cents Rounding Euro Amounts to the Nearest 10 Cents Rounding Euro Amounts to the Nearest 20 Cents Rounding Euro Amounts to the Nearest 25 Cents Rounding Euro Amounts to the Nearest 50 Cents Rounding Euro Amounts to the Nearest 1 Euro Rounding Euro Amounts to the Nearest 2 Euros Rounding Euro Amounts to the Nearest 5 Euros

Adding and Subtracting Money

mathematics money problem solving

Adding money amounts is a nice way to gently move students into thinking about decimals and what a great opportunity to use some manipulatives. Students generally perform better with math that has meaning. Decimal numbers to hundredths have most likely been in students' lives since very early on as stores display prices, parents comment about the prices to help develop critical thinking in their children, so if there is one decimal that students understand well, it is money. They sometimes have trouble relating it to paper and pencil which is why manipulatives come in handy. Play money is a little cheaper than real money and doesn't disappear quite as quickly.

  • Adding Money Amounts with Increments Specifically for U.S. and Canadian Dollars Adding U.S./Canadian Dollars With Amounts from 0.01 to 9.99 ✎ Adding U.S./Canadian Dollars With Amounts from 10.00 to 99.99 ✎ Adding U.S./Canadian Dollars with Amounts from 0.05 to 9.95 in Increments of 5 Cents ✎ Adding U.S./Canadian Dollars with Amounts from 0.10 to 9.90 in Increments of 10 Cents ✎ Adding U.S./Canadian Dollars with Amounts from 0.25 to 9.75 in Increments of 25 Cents ✎ Adding U.S./Canadian Dollars with Amounts from 0.50 to 9.50 in Increments of 50 Cents ✎ Adding U.S./Canadian Dollars With Amounts from 1 to 999 ✎ Adding U.S./Canadian Dollars With Amounts from 2 to 998 in Increments of Two Dollars ✎ Adding U.S./Canadian Dollars With Amounts from 5 to 995 in Increments of Five Dollars ✎
  • Adding Money Amounts with Increments Specifically for British Pounds Adding British Pounds With Amounts from 0.01 to 9.99 ✎ Adding British Pounds With Amounts from 10.00 to 99.99 ✎ Adding British Pounds with Amounts from 0.02 to 9.98 in Increments of 2 Pence ✎ Adding British Pounds with Amounts from 0.05 to 9.95 in Increments of 5 Pence ✎ Adding British Pounds with Amounts from 0.10 to 9.90 in Increments of 10 Pence ✎ Adding British Pounds with Amounts from 0.25 to 9.75 in Increments of 20 Pence ✎ Adding British Pounds with Amounts from 0.50 to 9.50 in Increments of 50 Pence ✎ Adding British Pounds With Amounts from 1 to 999 ✎ Adding British Pounds With Amounts from 2 to 998 in Increments of Two Pounds ✎ Adding British Pounds With Amounts from 5 to 995 in Increments of Five Pounds ✎
  • Adding Money Amounts with Increments Specifically for Australian and New Zealand Dollars Adding Australian/N.Z. Dollars with Amounts from 0.01 to 9.99 ✎ Adding Australian/N.Z. Dollars with Amounts from 10.00 to 99.99 ✎ Adding Australian/N.Z. Dollars with Amounts from 0.05 to 9.95 in Increments of 5 Cents ✎ Adding Australian/N.Z. Dollars with Amounts from 0.10 to 9.90 in Increments of 10 Cents ✎ Adding Australian/N.Z. Dollars with Amounts from 0.20 to 9.80 in Increments of 20 Cents ✎ Adding Australian/N.Z. Dollars with Amounts from 0.50 to 9.50 in Increments of 50 Cents ✎ Adding Australian/N.Z. Dollars With Amounts from 1 to 999 ✎ Adding Australian/N.Z. Dollars With Amounts from 2 to 998 in Increments of Two Dollars ✎ Adding Australian/N.Z. Dollars With Amounts from 5 to 995 in Increments of Five Dollars ✎
  • Adding Money Amounts with Increments Specifically for Euros Adding Euros with Amounts from 0.01 to 9.99 ✎ Adding Euros with Amounts from 10.00 to 99.99 ✎ Adding Euros with Amounts from 0.02 to 9.98 in Increments of 2 Euro Cents ✎ Adding Euros with Amounts from 0.05 to 9.95 in Increments of 5 Euro Cents ✎ Adding Euros with Amounts from 0.10 to 9.90 in Increments of 10 Euro Cents ✎ Adding Euros with Amounts from 0.20 to 9.80 in Increments of 20 Euro Cents ✎ Adding Euros with Amounts from 0.50 to 9.50 in Increments of 50 Euro Cents ✎ Adding Euros With Amounts from 1 to 999 ✎ Adding Euros With Amounts from 2 to 998 in Increments of Two Euros ✎ Adding Euros With Amounts from 5 to 995 in Increments of Five Euros ✎

The strategy of choice for subtracting money is the counting up strategy. It works especially well for giving change from whole dollar/Pound/Euro amounts. Following is an example of how it works. Let's say the bill at the grocery store came out to $13.46 and the cashier was presented with a $20.00 bill and for some odd reason, the monitor on his cash machine had a crack in it that obscured the amount of change to give. What would he do?! The first thing to do is to take four cents out of the drawer because he needs to add the $13.46 to an unknown amount to make $20, and four cents will bring the $13.46 up to $13.50 which makes things rounder and, for most, a little easier. Next, he needs to pull out two quarters to bring the amount up to $14 even. He can then remove a dollar bill to make the amount $15, and finally pull out a $5 bill to count up to $20. Now, if he wanted to know how much change he gave, he just needs to think back to what he pulled out of the drawer: $5 + $1 + $0.50 + $0.04 = $6.54.

  • Subtracting Money Amounts with Increments Specifically for U.S. and Canadian Dollars Subtracting U.S./Canadian Dollars with Amounts from 0.01 to 9.99 ✎ Subtracting U.S./Canadian Dollars with Amounts from 10.00 to 99.99 ✎ Subtracting U.S./Canadian Dollars with Amounts from 0.05 to 9.95 in Increments of 5 Cents ✎ Subtracting U.S./Canadian Dollars with Amounts from 0.10 to 9.90 in Increments of 10 Cents ✎ Subtracting U.S./Canadian Dollars with Amounts from 0.25 to 9.75 in Increments of 25 Cents ✎ Subtracting U.S./Canadian Dollars with Amounts from 0.50 to 9.50 in Increments of 50 Cents ✎ Subtracting U.S./Canadian Dollars With Amounts from 1 to 999 ✎ Subtracting U.S./Canadian Dollars With Amounts from 2 to 998 in Increments of Two Dollars ✎ Subtracting U.S./Canadian Dollars With Amounts from 5 to 995 in Increments of Five Dollars ✎
  • Subtracting Money Amounts with Increments Specifically for British Pounds Subtracting British Pounds with Amounts from 0.01 to 9.99 ✎ Subtracting British Pounds with Amounts from 10.00 to 99.99 ✎ Subtracting British Pounds with Amounts from 0.02 to 9.98 in Increments of 2 Pence ✎ Subtracting British Pounds with Amounts from 0.05 to 9.95 in Increments of 5 Pence ✎ Subtracting British Pounds with Amounts from 0.10 to 9.90 in Increments of 10 Pence ✎ Subtracting British Pounds with Amounts from 0.20 to 9.80 in Increments of 20 Pence ✎ Subtracting British Pounds with Amounts from 0.50 to 9.50 in Increments of 50 Pence ✎ Subtracting British Pounds With Amounts from 1 to 999 ✎ Subtracting British Pounds With Amounts from 2 to 998 in Increments of Two Pounds ✎ Subtracting British Pounds With Amounts from 5 to 995 in Increments of Five Pounds ✎
  • Subtracting Money Amounts with Increments Specifically for Australian and New Zealand Dollars Subtracting Australian/N.Z. Dollars with Amounts from 0.01 to 9.99 ✎ Subtracting Australian/N.Z. Dollars with Amounts from 10.00 to 99.99 ✎ Subtracting Australian/N.Z. Dollars with Amounts from 0.05 to 9.95 in Increments of 5 Cents ✎ Subtracting Australian/N.Z. Dollars with Amounts from 0.10 to 9.90 in Increments of 10 Cents ✎ Subtracting Australian/N.Z. Dollars with Amounts from 0.20 to 9.80 in Increments of 20 Cents ✎ Subtracting Australian/N.Z. Dollars with Amounts from 0.50 to 9.50 in Increments of 50 Cents ✎ Subtracting Australian/N.Z. Dollars With Amounts from 1 to 999 ✎ Subtracting Australian/N.Z. Dollars With Amounts from 2 to 998 in Increments of Two Dollars ✎ Subtracting Australian/N.Z. Dollars With Amounts from 5 to 995 in Increments of Five Dollars ✎
  • Subtracting Money Amounts with Increments Specifically for Euros Subtracting Euros with Amounts from 0.01 to 9.99 ✎ Subtracting Euros with Amounts from 10.00 to 99.99 ✎ Subtracting Euros with Amounts from 0.02 to 9.98 in Increments of 2 Euro Cents ✎ Subtracting Euros with Amounts from 0.05 to 9.95 in Increments of 5 Euro Cents ✎ Subtracting Euros with Amounts from 0.10 to 9.90 in Increments of 10 Euro Cents ✎ Subtracting Euros with Amounts from 0.20 to 9.80 in Increments of 20 Euro Cents ✎ Subtracting Euros with Amounts from 0.50 to 9.50 in Increments of 50 Euro Cents ✎ Subtracting Euros With Amounts from 1 to 999 ✎ Subtracting Euros With Amounts from 2 to 998 in Increments of Two Euros ✎ Subtracting Euros With Amounts from 5 to 995 in Increments of Five Euros ✎

Putting it all together, the next worksheets mix addition and subtraction on the same page. Students need to pay attention to the operation sign!

  • Adding and Subtracting Money Amounts with Increments Specifically for U.S. and Canadian Dollars Adding and Subtracting U.S./Canadian Dollars with Amounts from 0.01 to 9.99 ✎ Adding and Subtracting U.S./Canadian Dollars with Amounts from 10.00 to 99.99 ✎ Adding and Subtracting U.S./Canadian Dollars with Amounts from 0.05 to 9.95 in Increments of 5 Cents ✎ Adding and Subtracting U.S./Canadian Dollars with Amounts from 0.10 to 9.90 in Increments of 5 Cents ✎ Adding and Subtracting U.S./Canadian Dollars with Amounts from 0.20 to 9.80 in Increments of 5 Cents ✎ Adding and Subtracting U.S./Canadian Dollars with Amounts from 0.25 to 9.75 in Increments of 5 Cents ✎ Adding and Subtracting U.S./Canadian Dollars with Amounts from 0.50 to 9.50 in Increments of 5 Cents ✎ Adding and Subtracting U.S./Canadian Dollars With Amounts from 1 to 999 ✎ Adding and Subtracting U.S./Canadian Dollars With Amounts from 2 to 998 in Increments of Two Dollars ✎ Adding and Subtracting U.S./Canadian Dollars With Amounts from 5 to 995 in Increments of Five Dollars ✎
  • Adding and Subtracting Money Amounts with Increments Specifically for British Pounds Adding and Subtracting British Pounds with Amounts from 0.01 to 9.99 ✎ Adding and Subtracting British Pounds with Amounts from 10.00 to 99.99 ✎ Adding and Subtracting British Pounds with Amounts from 0.02 to 9.98 in Increments of 2 Pence ✎ Adding and Subtracting British Pounds with Amounts from 0.05 to 9.95 in Increments of 5 Pence ✎ Adding and Subtracting British Pounds with Amounts from 0.10 to 9.90 in Increments of 10 Pence ✎ Adding and Subtracting British Pounds with Amounts from 0.20 to 9.80 in Increments of 20 Pence ✎ Adding and Subtracting British Pounds with Amounts from 0.50 to 9.50 in Increments of 50 Pence ✎ Adding and Subtracting British Pounds With Amounts from 1 to 999 ✎ Adding and Subtracting British Pounds With Amounts from 2 to 998 in Increments of Two Pounds ✎ Adding and Subtracting British Pounds With Amounts from 5 to 995 in Increments of Five Pounds ✎
  • Adding and Subtracting Money Amounts with Increments Specifically for Australian and New Zealand Dollars Adding and Subtracting Australian/N.Z. Dollars with Amounts from 0.01 to 9.99 ✎ Adding and Subtracting Australian/N.Z. Dollars with Amounts from 10.00 to 99.99 ✎ Adding and Subtracting Australian/N.Z. Dollars with Amounts from 0.05 to 9.95 in Increments of 5 Cents ✎ Adding and Subtracting Australian/N.Z. Dollars with Amounts from 0.10 to 9.90 in Increments of 10 Cents ✎ Adding and Subtracting Australian/N.Z. Dollars with Amounts from 0.20 to 9.80 in Increments of 20 Cents ✎ Adding and Subtracting Australian/N.Z. Dollars with Amounts from 0.50 to 9.50 in Increments of 50 Cents ✎ Adding and Subtracting Australian/N.Z. Dollars With Amounts from 1 to 999 ✎ Adding and Subtracting Australian/N.Z. Dollars With Amounts from 2 to 998 in Increments of Two Dollars ✎ Adding and Subtracting Australian/N.Z. Dollars With Amounts from 5 to 995 in Increments of Five Dollars ✎
  • Adding and Subtracting Money Amounts with Increments Specifically for Euros Adding and Subtracting Euros with Amounts from 0.01 to 9.99 ✎ Adding and Subtracting Euros with Amounts from 10.00 to 99.99 ✎ Adding and Subtracting Euros with Amounts from 0.02 to 9.98 in Increments of 2 Euro Cents ✎ Adding and Subtracting Euros with Amounts from 0.05 to 9.95 in Increments of 5 Euro Cents ✎ Adding and Subtracting Euros with Amounts from 0.10 to 9.90 in Increments of 10 Euro Cents ✎ Adding and Subtracting Euros with Amounts from 0.20 to 9.80 in Increments of 20 Euro Cents ✎ Adding and Subtracting Euros with Amounts from 0.50 to 9.50 in Increments of 50 Euro Cents ✎ Adding and Subtracting Euros With Amounts from 1 to 999 ✎ Adding and Subtracting Euros With Amounts from 2 to 998 in Increments of Two Euros ✎ Adding and Subtracting Euros With Amounts from 5 to 995 in Increments of Five Euros ✎

Making Change from Bills and Notes

mathematics money problem solving

Making change from bills and notes worksheets.

  • Making Change from U.S. Bills Making Change from U.S. $1 Bills Making Change from U.S. $5 Bills Making Change from U.S. $10 Bills Making Change from U.S. $20 Bills Making Change from U.S. $50 Bills Making Change from U.S. $100 Bills
  • Making Change from Mixed U.S. Bills Making Change from U.S. Bills up to $5 Making Change from U.S. Bills up to $10 Making Change from U.S. Bills up to $20 Making Change from U.S. Bills up to $50 Making Change from U.S. Bills up to $100
  • Making Change from Canadian Bills Making Change from Canadian $5 Bills Making Change from Canadian $10 Bills Making Change from Canadian $20 Bills Making Change from Canadian $50 Bills Making Change from Canadian $100 Bills
  • Making Change from Mixed Canadian Bills Making Change from Canadian Bills up to $10 Making Change from Canadian Bills up to $20 Making Change from Canadian Bills up to $50 Making Change from Canadian Bills up to $100
  • Making Change from Euro Notes Making Change from Euro €5 Notes Making Change from Euro €10 Notes Making Change from Euro €20 Notes Making Change from Euro €50 Notes Making Change from Euro €100 Notes Making Change from Euro €200 Notes
  • Making Change from Mixed Euro Notes Making Change from Euro Notes up to €10 Making Change from Euro Notes up to €20 Making Change from Euro Notes up to €50 Making Change from Euro Notes up to €100 Making Change from Euro Notes up to €200

Further worksheets will be released as soon as the Reserve Bank of New Zealand releases more banknotes from Series 7.

  • Making Change from New Zealand Banknotes Making Change from New Zealand $5 Banknotes Making Change from New Zealand $10 Banknotes
  • Making Change from Mixed New Zealand Banknotes Making Change from New Zealand Banknotes up to $10

The Bank of England sent us this response regarding our request for images: "Please note that the Bank of England does not provide images of notes." Therefore, we are unable to create making change math worksheets using Bank of England banknotes.

Multiplying and Dividing Money

mathematics money problem solving

It would be nice if our own money could multiply quite as nicely in our bank accounts as it does on these worksheets. Alas, we will have to settle with low interest rates multiplying our money over the span of decades. These multiplying money worksheets would go well with some money manipulatives. Simply make several piles of the same amount (the same number of piles as the multiplier), combine it all into one pile, regroup as much as possible (e.g. five ones into a five), and count up the results.

  • Multiplying Dollar Amounts by 1-Digit Multipliers (U.S. and Canada Version) Multiplying Dollar Amounts in Increments of 1 Cent by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 25 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by One-Digit Multipliers
  • Multiplying Dollar Amounts by 2-Digit Multipliers (U.S. and Canada Version) Multiplying Dollar Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 25 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by Two-Digit Multipliers Multiplying Larger Dollar Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Larger Dollar Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Larger Dollar Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Larger Dollar Amounts in Increments of 25 Cents by Two-Digit Multipliers Multiplying Larger Dollar Amounts in Increments of 50 Cents by Two-Digit Multipliers
  • Multiplying Pound Sterling Amounts by 1-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 1 Penny by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 2 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 5 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 10 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 20 Pence by One-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 50 Pence by One-Digit Multipliers
  • Multiplying Pound Sterling Amounts by 2-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 1 Penny by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 2 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 5 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 10 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 20 Pence by Two-Digit Multipliers Multiplying Pound Sterling Amounts in Increments of 50 Pence by Two-Digit Multipliers
  • Multiplying Dollar Amounts by 1-Digit Multipliers (Australia and New Zealand Version) Multiplying Dollar Amounts in Increments of 1 Cent by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 20 Cents by One-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by One-Digit Multipliers
  • Multiplying Dollar Amounts by 2-Digit Multipliers (Australia and New Zealand Version) Multiplying Dollar Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 20 Cents by Two-Digit Multipliers Multiplying Dollar Amounts in Increments of 50 Cents by Two-Digit Multipliers
  • Multiplying Euro Amounts by 1-Digit Multipliers Multiplying Euro Amounts in Increments of 1 Cent by One-Digit Multipliers Multiplying Euro Amounts in Increments of 2 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 5 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 10 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 20 Cents by One-Digit Multipliers Multiplying Euro Amounts in Increments of 50 Cents by One-Digit Multipliers
  • Multiplying Euro Amounts by 2-Digit Multipliers Multiplying Euro Amounts in Increments of 1 Cent by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 2 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 5 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 10 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 20 Cents by Two-Digit Multipliers Multiplying Euro Amounts in Increments of 50 Cents by Two-Digit Multipliers

Dividing money amounts by whole numbers worksheets.

  • Dividing Dollar Amounts by 1-Digit Multipliers (U.S. and Canada Version) Dividing Dollar Amounts in Increments of 1 Cent by One-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 25 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by One-Digit Divisors
  • Dividing Dollar Amounts by 2-Digit Multipliers (U.S. and Canada Version) Dividing Dollar Amounts in Increments of 1 Cent by Two-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 25 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by Two-Digit Divisors
  • Dividing Pound Sterling Amounts by 1-Digit Multipliers Dividing Pound Sterling Amounts in Increments of 1 Penny by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 2 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 5 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 10 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 20 Pence by One-Digit Divisors Dividing Pound Sterling Amounts in Increments of 50 Pence by One-Digit Divisors
  • Dividing Pound Sterling Amounts by 2-Digit Multipliers Dividing Pound Sterling Amounts in Increments of 1 Penny by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 2 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 5 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 10 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 20 Pence by Two-Digit Divisors Dividing Pound Sterling Amounts in Increments of 50 Pence by Two-Digit Divisors
  • Dividing Dollar Amounts by 1-Digit Multipliers (Australia and New Zealand Version) Dividing Dollar Amounts in Increments of 1 Cent by One-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by One-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by One-Digit Divisors
  • Dividing Dollar Amounts by 2-Digit Multipliers (Australia and New Zealand Version) Dividing Dollar Amounts in Increments of 1 Cent by Two-Digit Divisors Dividing Dollar Amounts in Increments of 5 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 10 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 20 Cents by Two-Digit Divisors Dividing Dollar Amounts in Increments of 50 Cents by Two-Digit Divisors
  • Dividing Euro Amounts by 1-Digit Multipliers Dividing Euro Amounts in Increments of 1 Cent by One-Digit Divisors Dividing Euro Amounts in Increments of 2 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 5 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 10 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 20 Cents by One-Digit Divisors Dividing Euro Amounts in Increments of 50 Cents by One-Digit Divisors
  • Dividing Euro Amounts by 2-Digit Multipliers Dividing Euro Amounts in Increments of 1 Cent by Two-Digit Divisors Dividing Euro Amounts in Increments of 2 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 5 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 10 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 20 Cents by Two-Digit Divisors Dividing Euro Amounts in Increments of 50 Cents by Two-Digit Divisors

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Money Workbook

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Money Worksheets

Money and counting money worksheets.

Our money worksheets start with identifying coins and their values and progress through counting coins and shopping problems..

Choose your grade / topic:

Kindergarten money worksheets, grade 1 money worksheets, grade 2 money worksheets.

Grade 3 money worksheets  

Topics include:

  • Matching coins to their names
  • Matching coins to their values
  • Identify  and color different coins
  • Count small numbers of coins
  • Counting U.S. coins (up to 6 coins)
  • Counting Canadian coins (up to 6 coins)
  • Counting money (coins only) word problems
  • Identifying international coins
  • Counting up to 10 U.S. coins
  • Counting U.S. coins and bills (up to $5)
  • Counting Canadian coins including loonies and toonies
  • Money in words (numbers to words)
  • Money in words (words to numbers)
  • Counting money (coins and bills) word problems
  • Money word problems

Grade 3 money worksheets

  • Counting U.S. coins and bills
  • Counting Canadian money (coins and bills)
  • Shopping word problems
  • Money in words

Grade 4 money worksheets

  • Word problems using money ($X.XX) notation

Related topics

Measurement worksheets

Time and calendar worksheets

mathematics money problem solving

Sample Money Worksheet

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Money Word Problems Worksheets

Related Pages Math Worksheets Lessons for First Grade Free Printable Worksheets

Money Worksheets

Counting Nickels, Pennies Counting Dimes, Pennies Counting Dimes, Nickels, Pennies Counting Quarters, Dimes, Nickels, Pennies

More Money Worksheets

In these free math worksheets, students learn to solve money word problems.

There are four sets of money word problems worksheets: Money Word Problems (quarters, dimes, nickels, & pennies) Money Word Problems (dollar bills) Money Word Problems (change for $1) Money Word Problems (up to $100)

How to money word problems? Answering money word problems involves breaking down the problem, identifying the key information, and using basic arithmetic to find the solution. Here’s a step-by-step guide on how to approach and answer money word problems:

  • Read the Problem Carefully: Start by carefully reading the entire word problem. Understand the context and what is being asked.
  • Identify the Given Information: Identify the information provided in the problem. Look for amounts of money, quantities of items, and any other numerical data.
  • Determine the Unknown: Identify what the problem is asking you to find. Is it the total cost, change, remaining amount, or some other value?
  • Translate Words into Math: Translate the given information and the unknown into mathematical expressions or equations. Use variables for unknowns if necessary.
  • Choose the Appropriate Operation: Determine which mathematical operation (addition, subtraction, multiplication, or division) is needed to solve the problem based on the context.
  • Perform the Calculation: Use the chosen operation to perform the calculation. Pay attention to units (e.g., dollars and cents) and ensure your answer makes sense in the context of the problem.
  • Check Your Answer: After finding a solution, check if it makes sense in the context of the problem. Ensure your answer is reasonable and meets the conditions provided.
  • Write a Clear and Concise Answer: Express your final answer clearly, using appropriate units. If the problem asks for an amount of money, represent it in dollars and cents.

Example: Problem: Mia bought a toy for $15. She paid with a $20 bill. How much change should Mia receive? Solution: Given Information: Mia spent $15, paid with a $20 bill. Unknown: Amount of change Mia should receive. Translate into Math: Change = Amount paid - Cost of the toy. Choose Operation: Subtraction (20 - 15). Perform Calculation: 20 − 15 = 5 Check Answer: The change is $5, which is reasonable given the cost of the toy and the amount paid. Write Answer: Mia should receive $5 in change.

Click on the following worksheet to get a printable pdf document. Scroll down the page for more Money Word Problems Worksheets .

Money Word Problems Worksheet

More Money Word Problems Worksheets

Printable (Answers on the second page.) Money Word Problems Worksheet #1 (quarters, dimes, nickels, & pennies) Money Word Problems Worksheet #2 (quarters, dimes, nickels, & pennies)

Money Word Problems Worksheet #3 (dollar bills) Money Word Problems Worksheet #4 (dollar bills)

Money Word Problems Worksheet #5 (change for $1) Money Word Problems Worksheet #6 (change for $1)

Money Word Problems Worksheet #7 (up to $100) Money Word Problems Worksheet #8 (up to $100)

Online Money Word Problems: +, − Money Word Problems:+, −, × & ÷

Related Lessons & Worksheets

Counting Pennies Counting Nickels Counting Dimes Counting Quarters Counting Half Dollars Counting Nickels, Pennies Counting Dimes, Pennies Counting Dimes, Nickels, Pennies Counting Quarters, Dimes, Nickels, Pennies

More Printable Worksheets

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Calculation Money Problems

In these problems we are using the four operations (addition, subtraction, multiplication and division) in the context of money questions.

We need to work out which operation to use for each question.

Example 1: You buy 7 bananas for 23p each. Work out the total cost.

Here we have a multiplication question.

Each banana costs 23p and we have 7 bananas. We need to work out 7 × 23 We can use long multiplication.

mathematics money problem solving

We start with 7 × 3 7 × 3 = 21 The one goes in the ones column and the 2 is carried over to the tens.

mathematics money problem solving

Next is 7 × 2 7 × 2 = 14 We add on the 2 we carried over 14 + 2 = 16 The 6 goes in the tens and the 1 is carried over to the hundreds

mathematics money problem solving

The total cost is 161p We can convert pence to pounds and pence by dividing by 100 161p = £1.61

Example 2: You buy 8 oranges for 29p each. You pay with a £10 note. Work out how much change you should get.

Each orange costs 29p and we have 8 oranges. We need to work out 8 × 29

mathematics money problem solving

We start with 8 × 9 8 × 9 = 72 The 2 goes in the ones column and the 7 is carried over to the tens.

mathematics money problem solving

Next is 8 × 2 8 × 2 = 16 We add on the 7 we carried over 16 + 7 = 23 The 3 goes in the tens and the 2 is carried over to the hundreds

mathematics money problem solving

The total cost is 232p

To find the change we need to take 232p away from £10 £10 = 1000p The change will be 1000 - 232

mathematics money problem solving

We start with the column on the right, the ones. We do not want to take 2 away from 0 so we need to take a ten and move it to the ones We do not have any tens or hundreds We can take one thousand and move it to the hundreds, the take one hundred and move it to the tens, then take a ten and move it to the ones. 1000 = 900 + 90 + 10

mathematics money problem solving

We can now subtract each column, starting with the ones 10 - 2 = 8

In the tens we have 9 - 3 9 - 3 = 6

In the hundreds we have 9 - 2 9 - 2 = 7

mathematics money problem solving

We can convert pence to pounds and pence by dividing by 100 768p = £7.68

Example 3: You buy: 2 burgers for 1.49p each. 3 portions of chips for £1.15 each 5 drinks for £1.28 each Work out the total cost.

We need to work out the cost of the burgers, the cost of the chips and the cost of the drinks. We can then add them all together.

For the burgers we have 2 × 149 (I will do the working out in pence and convert back to pounds at the end).

mathematics money problem solving

We start with the ones. 2 × 9 = 18 The 8 goes in the ones and we carry the 1 over to the tens.

mathematics money problem solving

Next is the tens. 2 × 4 = 8 We add on the 1 we carried over 8 + 1 = 9

mathematics money problem solving

The final column is the hundreds. 2 × 1 = 2

mathematics money problem solving

2 × 149 = 298

For the chips we have 3 × 115

mathematics money problem solving

The first column is the ones. 3 × 5 = 15 The 5 goes in the ones and we carry the 1 over to the tens.

mathematics money problem solving

The next column is the tens. 3 × 1 = 3 We add the 1 we carried over 3 + 1 = 4

mathematics money problem solving

The last column is the hundreds. 3 × 1 = 3

mathematics money problem solving

3 × 115 = 345

For the drinks we have 5 × 128

mathematics money problem solving

The first column is the ones. 5 × 8 = 40 The 0 goes in the ones and we carry the 4 over to the tens.

mathematics money problem solving

The next column is the tens. 5 × 2 = 10 We add the 4 we carried over 10 + 4 = 14 The 4 goes in the tens and we carry the 1 over to the hundreds.

mathematics money problem solving

The next column is the hundreds. 5 × 1 = 5 We add the 1 we carried over 5 + 1 = 6

mathematics money problem solving

5 × 128 = 640

We can now add together the cost of the burgers, chips and drinks to find the total cost.

We need to work out 298 + 345 + 640. We can use column addition

mathematics money problem solving

The first column is the ones. 8 + 5 + 0 = 13 The 3 goes in the ones and we carry the 1 over to the tens.

mathematics money problem solving

The next column is the tens. 9 + 4 + 4 + 1 = 18 The 8 goes in the tens and we carry the 1 over to the hundreds.

mathematics money problem solving

The next column is the hundreds. 2 + 3 + 6 + 1 = 12 The 2 goes in the hundreds and the 1 goes in the thousands.

mathematics money problem solving

298 + 345 + 640 = 1283 1283 ÷ 100 = 12.83 The total cost is £12.83

Example 4: You buy a car for £9000 You pay a deposit of £3200 and the rest in 25 monthly installments. Work out the amount of each installment.

The first step in this question is to subtract the deposit of £3200 from the price to see how much is left to pay.

We need to work out 9000 - 3200

mathematics money problem solving

We start with the ones. 0 - 0 = 0

In the tens we also have 0 - 0 = 0

mathematics money problem solving

In the hundreds we have 0 - 2 We need to take one thousand and move it to the hundreds. 9000 is the same as 8000 + 1000

mathematics money problem solving

We now have 10 - 2 in the hundreds 10 - 2 = 8

mathematics money problem solving

In the thousands we have 8 - 3 8 - 3 = 5

mathematics money problem solving

9000 - 3200 = 5800

We have 5800 left to pay. We need to divide 5800 by 25 to work out the monthly payment. 5800 ÷ 25

We can use short division. We can write the 25 times table down the side to make the division easier.

mathematics money problem solving

We start with the biggest column, the thousands. 25 does not go into 5 so we carry the 5 over to the hundreds where it is worth 50.

mathematics money problem solving

Next is the hundreds. 25 goes into 58 twice. 25 × 2 = 50 58 - 50 = 8 We carry the 8 over to the tens (where it is worth 80).

mathematics money problem solving

Next is the tens. 25 goes into 80 three times. 25 × 3 = 75 80 - 75 = 5 We have 5 left over to carry over to the ones.

mathematics money problem solving

In the ones we have 50 25 × 2 = 50 5800 ÷ 25 = 232

mathematics money problem solving

The monthly installments are £232

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Money Problems Maths

Here we will learn about money problems maths, including looking at a variety of money word problems and how to solve them.

There are also money problems maths worksheets based on Edexcel, AQA and OCR exam questions, along with further guidance on where to go next if you’re still stuck.

What are money problems?

Money problems are the name given to a range of problems which involve money. It may also be known as financial maths.

We will explore different types of money problems that can be used in lots of different situations. 

For the purposes of these examples we will use Pound Sterling.

£1 is made of 100 pence (or 100p ).

Pounds can be written as pence, for example £3.15 can be written as 315p.

Pence can be written as pounds, for example 27p can be written as £0.27.

UK coins are 1p, 2p, 5p, 10p, 20p, £1 and £2. 

The UK notes are £5, £10, £20 and £50.

Money problems maths image 1

How to work out money problems

In order to solve money problems in maths:

Read the question carefully and work out how to solve the word problem.

Calculate the solution.

Write the answer with the correct units.

Explain how to work out money problems

Explain how to work out money problems

Money problem maths worksheet

Get your free money problem maths worksheet of 20+ questions and answers. Includes reasoning and applied questions.

Related lessons on arithmetic

Money problems maths is part of our series of lessons to support revision on arithmetic . You may find it helpful to start with the main arithmetic lesson for a summary of what to expect, or use the step by step guides below for further detail on individual topics. Other lessons in this series include:

  • BIDMAS  
  • Calculator skills

Money problem maths examples

Example 1: shopping.

A chocolate bar costs 45p and a bottle of lemonade costs £1.20.

Frankie buys 3 bars of chocolate and 2 bottles of lemonade.

She pays with a £5 note.

Work out how much change Frankie gets.

We need to find the total cost of 3 chocolate bars and 2 bottles of lemonade. Then subtract from £5 to find the change. But first we need to change 45p into £0.45.

2 Calculate the solution.

The total cost is,

Then we need to find the change,

5-3.75=1.25 .

3 Write the answer with the correct units.

Frankie’s change is £1.25.

Example 2: ratio

Ali and Ben share some money in the ratio of 4:7. If Ben receives £10.50 more than Ali, work out the amount of money Ali receives.

We have been given the difference in the amount of money Ali and Ben receive.

Looking at the ratio, the difference in parts is 3 parts, 

We can divide the difference by 3 and find the size of each part. Then we can work out how much money Ali gets.

One part is

10.50\div 3=3.50.

Ali gets four parts,

3.50\times 4=14.

Ali receives £14.

Note that Ben receives £24.50, so £10.50 more, and the total money shared was £38.50.

Example 3: fractions

A laptop costs £350. A sale offers \frac{1}{5} off the price. Calculate the sale price of the laptop.

We have to find one fifth of the cost, and subtract it.

First we find the fraction of the amount.

350\div 5 = 70.

So \frac{1}{5} of 350=70.

Then we subtract this from the original price,

350-70=280.

The new price of the laptop is £280.

Example 4: percentage increase

A railcard costs £430. The price is going up by 23\%. Calculate the new price of the railcard.

We need to find 23\% of the amount and add it on.

Therefore 23\% will be

(2\times 43)+(3\times 4.30)=86+12.90=98.90.

Because the question wants an increase, we add this to the original amount.

430+98.90=528.90

The final answer for the new price of the rail card is £528.90.

Alternatively you could use a multiplier,

430\times 1.23=528.90.

Example 5: best buy

Cereal can be bought in two different ways.

A small box contains 200g and costs 89p.

A large box contains 700g and costs £3.45.

Find which box is the best value for money.

There are several ways we can find out which cereal box gives the best value for money. We could work out grams per pence by dividing the mass by the price.

First we need to make sure both prices are in the same units. Let’s change the £3.45 into 345p.

Small box – grams per pence,

200\div 89=2.24719…

Large box – grams per pence,

700\div 345=2.02898…

2.24719… grams per pence is greater than 2.02898… grams per pence. This means that when you buy the small box, you get more cereal per penny you spend.

Therefore the small box is better value for money.

Example 6: exchange rates

Sofia went to Portugal. She changed £160 into euros (€).

The exchange rate was £1 = €1.17.

How many euros did Sofia receive?

We need to use the exchange rate and multiply the amount in pounds to get the amount in euros.

The solution is €187.20.

Common misconceptions

  • Use two decimal places for pence

You might be asked to leave your answer in terms of pounds and pence. If your answer is 3.4, write it as £3.40, using two decimal places to represent the pence part.

  • Subtracting from \bf{£5, \ £10} and so on

Finding the change from paying with notes can be tricky if you are not using a calculator because of the zeros involved. You may wish to use a number line instead and count on. For example, finding the change from £10 for a 3.72 shopping bill.

Money problems maths misconceptions

Practice money problems maths questions

1. A bottle of cola costs £1.35 and a bag of crisps costs 70p. Lamia buys 3 bottles of cola and 5 bags of crisps. She pays with a £10 note. Calculate the change Lamia gets.

GCSE Quiz False

70p written as pounds is £0.70. The total cost is

The change can be found by subtracting the total cost from 10,

The change is £2.45.

2. Sharon and Tania share a bill in the ratio of 5:3. If Tania pays £38 less than Sharon, what is the total amount of the bill?

The difference in the ratio parts is

The difference is £38, since this is equivalent to two parts it is divided by 2.

One part is £19.

The total number of parts is

Therefore the total amount of money for the bill is

3. A coat costs £60. A sale offers \frac{1}{4} off the price. Calculate the sale price of the coat.

We can find the fraction of the amount and then take it away from the original price.

The sale price of the coat is £45.

4. A football season ticket costs £970. The price is being reduced by 15\%. Find the new price of the football season ticket.

We can find 15\% of £970, and then, because the price is decreasing, we can subtract it from the original price.

Therefore 15\% is

The new price will be

5. A large box of washing powder costs £4.85 for 950g.

A small box costs 55p for 100g.

Work out which box gives better value for money.

Large box, as 1.958 grams per pence is better value than 1.818 grams per pence.

Large box, as 0.51 grams per pence is better value than 0.55 grams per pence.

Small box, as 1.818 grams per pence is better value than 1.958 grams per pence.

Small box, as 0.51 grams per pence is better value than 0.55 grams per pence.

There are different ways to work out the best value. One way is to calculate grams per pence and see which gives the highest value.

Large box grams per pence,

Small box grams per pence,

The large box gives a greater amount of grams per pence, so is better value.

6. Ranjeev goes to Australia. He changes £325 into Australian dollars (\$). The exchange rate is £1 = \$1.74. Exchange £325 into Australian dollars.

As we are converting pounds to dollars, we need to multiply by the exchange rate.

Money problems maths GCSE questions

1. 2 apples and 3 bananas cost £1.40.

5 apples cost 95p.

Work out the cost of 3 apples and 4 bananas.

Give your answer in pounds and pence.

2. Mike is going shopping for clothes for a new job. He has £150 to spend.

He buys 3 pairs of trousers for £29 each. He sees shirts cost £12 each.

Work out the maximum number of shirts Mike could buy.

  So 5 shirts is the most he can buy.

3. Jonathan went to America.

He exchanged £750 into American dollars (\$).

The exchange rate was £1 = \$1.23.

(a) Exchange £750 into American dollars. Give your answer to the nearest 10 dollars.

(b) Jonathan brings \$147 back home.

Exchange \$147 into UK pounds.

Give your answer correct to the nearest pence.

\$922.50 is \$920 to the nearest 10.

Learning checklist

You have now learned how to:

  • Solve real world maths problems involving money
  • Money problem solving with ratios, fractions and percentages
  • Use exchange rates to convert currencies

The next lessons are

  • Rounding numbers
  • Factors, multiples and primes
  • Negative numbers

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Practice Problems

  • Do the dollars and cents separate when adding money. Then put the results together.
  • Practice doing problems in your head first, then use a calculator. This will help you when you're out shopping and don't have a calculator available.
  • Practice making change with your parents. Count out the bills and coins.
  • Dividing money can be helpful when you are out with friends and need to divide up the cost of something like gas for a trip or the price of a pizza.
  • To figure a 20% tip, you divide the bill by 5. You can also divide the total by 10 and then multiply that by 2.

For Teachers

Home » Teachers

Money Word Problems Worksheets

Here are our favorite money word problem worksheets to help you teach your students how to solve real-life financial problems.

teaching-money-math

As a teacher or homeschooler, you know how important word problems are to increasing student knowledge. They combine money math with reading comprehension, providing an ideal way for students to practice their money skills. Let’s dive right into the best money word problems worksheets! 

Money Word Problems For Elementary Students

These worksheets are ideal for introducing and reviewing money concepts with your little learners through word problems.

  • Addition and Subtraction Money Word Problems: This worksheet sets up straightforward money math problems, requiring students to perform addition and subtraction to solve. ( 2 nd -5 th Grade)
  • Multiplication and Division Money Word Problems: In this worksheet , students multiply and divide money-related problems. They learn how to approach realistic situations where they may spend money. ( 3 rd -5 th Grade)
  • Mixed Operation Money Word Problems: This worksheet has students deciding which operations to use, planning solutions, and solving money problems.  ( 2 nd -5 th Grade)
  • Addition and Subtraction With Extra Facts: Word problems often introduce unnecessary details to throw off students, and that is precisely what this worksheet does. ( 3 rd -5 th Grade)
  • Multiplication and Division With Extra Facts: This worksheet has kids sift through a money-based scenario, deciding which numbers they need to multiply or divide – and which ones to avoid. ( 3 rd -5 th Grade)
  • Money Word Problems: This worksheet has multiple operations in play, making students decide what to do with the numbers and figures while learning about real-life money situations. ( 4 th Grade)
  • Making Change at the Toy Store: In this worksheet , students must determine how much change customers would receive at the toy shop. They use both addition and subtraction. ( 2 nd Grade)
  • Money Math Word Problems: This worksheet puts kids’ decimal and multi-digit number knowledge to the test. They have to solve six problems about money management. ( 2 nd Grade)
  • Money Word Problem: This worksheet lets students see different money scenarios and solve them using various operations, giving them realistic practice. ( 3 rd -5 th Grade)
  • U.S. Money Word Problems Adding Two Items: Students complete addition using money situations in this worksheet . Teachers can customize and choose to add extra information to challenge students. ( 1 st -4 th Grade)
  • Math Money Word Problems: This worksheet contains several word problems revolving around money and calculating cash scenarios. ( 3 rd Grade)
  • Money Math Word Problems: This worksheet has kids solving one and two-step equations, using their comprehension skills and money math abilities to find the answers. ( 2 nd -3 rd Grade)
  • Picnic Prices: This worksheet is fun for little ones, requiring them to buy food from ants at a picnic. They learn to decipher word problems and choose operations to solve. ( 2 nd -3 rd Grade)
  • Money: Total Value & Word Problems: In these worksheets , students review coin and bill value and then apply that knowledge to solve word problems. ( K-3 rd Grade)
  • Money Word Problems-Basic: This worksheet gives kids confidence in solving money math word problems, using addition and comparing values. ( 1 st -2 nd Grade)

Money Word Problems for Upper Elementary and Middle School Students

These word problem worksheets will challenge your students, showing them how all those advanced concepts they learn can apply to real life – and money.

  • Area and Perimeter Worksheet Including Problem Solving and Money: This worksheet combines math with money, and kids need to solve practical geometry problems with money calculations. ( 3 rd -6 th Grade)
  • Math Word Problem: Money: This straightforward worksheet provides a lengthy word problem for your students to solve step by step. ( 4 th -6 th Grade)
  • Final Price, Change, and Cost: These worksheets require students to solve money word problems using division and multiplication of decimals and other more advanced operations. ( 5 th -8 th Grade)
  • Money Word Problems: This set of worksheets provides kids a place to add, subtract, multiply, and divide decimals in real-life money situations. ( 4 th -6 th Grade)
  • Algebra Word Problems With Money: If you include algebra in your instruction, you will appreciate this worksheet . It combines algebraic reasoning with money word problems to show students how it affects real life. ( 6 th -9 th Grade)
  • Budgeting and Money Management: This worksheet presents word problems about crucial financial topics, including budgeting and money management. ( 6 th -8 th Grade )

Want more resources? Head to our money math for teachers center!

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  2. Money Problem Solving Worksheet 2

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  3. Money (problem solving)

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  4. Money Problems Maths

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  5. Money Problem Solving, Mathematics skills online, interactive activity

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  6. Grade 2 MATHEMATICS (PROBLEM-SOLVING and CALCULATIONS INVOLVING MONEY

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VIDEO

  1. STATE 5

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  5. Full Maths GCSE Foundation 2023 Q1-15 Paper 2 Part I

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