Dollars and Sense: How to Tackle Money Word Problems with Confidence
Money word problems are real-world applications of math that we encounter frequently. From shopping trips to budgeting, understanding how to solve these problems is essential. Let's dive into some word problems involving money and learn how to approach them systematically.
Money: Word Problems
Example 1:
John bought a shirt for $25.50 and a pair of shoes for $45.75. How much did he spend in total?
Solution Process:
Add the cost of the shirt and the shoes.
$25.50
+$45.75
________
$71.25
Answer:
John spent $71.25 in total.
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Example 2:
Lisa had $100. She spent $65.80 on groceries. How much money does she have left?
Solution Process:
Subtract the amount spent on groceries from the initial amount.
$100.00
-$65.80
________
$34.20
Answer:
Lisa has $34.20 left.
Money word problems bridge the gap between abstract math and its practical applications. By understanding the context and using systematic addition or subtraction, you can solve these problems with ease. Whether you’re planning a purchase, budgeting for the month, or just trying to make sense of a receipt, these skills will serve you well. So, the next time you’re faced with a money-related word problem, tackle it head-on, knowing you have the tools and knowledge to find the solution!
Practice Questions:
1. Mike bought 3 books, each costing $12.90. How much did he spend in total?
2. Sarah had $50. She bought a toy for $23.45. How much money does she have remaining?
3. James paid $20 for a meal and left a tip of $3.50. How much did he spend altogether?
4. Emma bought a dress for $45.60 and shoes for $32.40. How much did she spend?
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Answers:
1. $38.70
2. $26.55
3. $23.50
4. $78.00
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