Solving Money Word Problems Worksheet

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In the classroom

Teaching tips & learning objectives

Learning objectives

Add coin and dollar amounts to solve a money word problem
Subtract to find change owed after a purchase
Compare two money amounts using a multi-step calculation

Teaching tips

Preview the actual student worksheet pages before class.
Have students show their addition or subtraction work for each problem, since the answer key gives only final totals, not worked steps
Use problem 5 (comparing Mark's and Steve's totals) as a discussion example for multi-step word problems

Skills covered

Money addition — students add coin and dollar-and-cent amounts to find a total.
Money subtraction — students subtract to determine change owed from a purchase.
Multi-step comparison — students calculate two totals separately, then subtract to compare them.

Good to know

Questions teachers ask about this resource

How does the last problem in this set differ from the earlier ones?

The first problems ask for a single addition or subtraction of coin and dollar amounts, while the final problem is a two-step comparison where two children's separate totals are calculated first and then compared to find the difference.

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Curriculum

Standards, concepts & topics

Standards

2.MD.A.8 — Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately. Example: If you have 2 dimes and 3 pennies, how many cents do you have?
2.OA.A.1 — Use addition and subtraction within 100 to solve one- and two-step word problems involving situations of adding to, taking from, putting together, taking apart, and comparing, with unknowns in all positions, e.g., by using drawings and equations with a symbol for the unknown number to represent the problem. 1
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.3