Money Word Problem Worksheets
How to Approach Money Word Problems - Word problems, in general, require a great deal of work and understanding. However, some require practicing and a focused approach too. Money word problems can be intimidating to solve. But if your work approaches the problem in a certain way, you will be able to solve them quickly and with expertise. Before you take on any money word problem to solve, make sure to do warm-up exercises. Since money word problems involve the use of both coins and note, it is important to understand how to calculate both separately. The best approach is to make sure you have the data on hand to solve the problem. When solving money word problems, consider the following: Use all four mathematical operations (addition, subtraction, multiplication, and division) to solve the problem. Solve the problem in multi-steps. Avoid using a single step, as this will create confusion. First, multiply then jump on to subtraction. Use simple fractions to solve money problems.
How Much Did you Save?
Can you find out how much somebody spent if you know the amount they saved and the percentage off the original price? Sure! Divide the amount saved by the percentage of savings. This is the original price; subtract the amount saved for the price paid.