Money Word Problems

Front

What is a money word problem?

Back

A money word problem is a mathematical problem that involves calculations related to money, such as addition, subtraction, multiplication, or division.

Front

How do you calculate total cost when buying multiple items?

Back

To calculate total cost, multiply the price of one item by the number of items purchased.

Front

If an item costs $14.75 and you buy 8 of them, how do you find the total cost?

Back

Multiply $14.75 by 8 to get the total cost: $14.75 x 8 = $118.

Front

What is the formula to calculate earnings based on hourly wage?

Back

Earnings = Hourly Wage x Hours Worked.

Front

If Ben earns $19 per hour and works 35 hours, how do you calculate his total earnings?

Back

Multiply $19 by 35: $19 x 35 = $665.

Front

How do you find the change received after a purchase?

Back

Change = Amount Paid - Cost of the Item.

Front

If Mary pays $20 for cupcakes costing $10.50, how much change does she receive?

Back

Change = $20 - $10.50 = $9.50.

Front

How do you calculate the cost per item when buying in bulk?

Back

Cost per item = Total Cost / Number of Items.

Front

If John buys 12 doughnuts for $30, how do you find the cost of each doughnut?

Back

Cost per doughnut = $30 / 12 = $2.50.

Front

What is the total cost of 5 coffee mugs if each costs $2.50?

Back

Total cost = $2.50 x 5 = $12.50.