Money problem solving worksheet with five real-world scenarios for practicing addition and subtraction of money.

Let's solve each money problem step by step and explain the solution clearly.

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Problem 1:

Caitlin found $1.40 in the couch and $0.38 in the car. How much money did she find altogether?

Solution:
We add the two amounts:
$$
\$1.40 + \$0.38 = \$1.78
$$

✔ Answer: Caitlin found $1.78 altogether.

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Problem 2:

Robert earned $5.00 mowing a lawn, $6.00 collecting cans, and $2.00 carrying groceries. How much money did Robert earn in all?

Solution:
Add all the earnings:
$$
\$5.00 + \$6.00 + \$2.00 = \$13.00
$$

✔ Answer: Robert earned $13.00 in total.

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Problem 3:

Frankie has 2 quarters, 7 dimes, 11 nickels, and 20 pennies in his piggy bank. He gave it all to his sister, Lulu. How much money did Lulu receive?

Step-by-step breakdown:
- Quarters: 2 × $0.25 = $0.50
- Dimes: 7 × $0.10 = $0.70
- Nickels: 11 × $0.05 = $0.55
- Pennies: 20 × $0.01 = $0.20

Now add them up:
$$
\$0.50 + \$0.70 + \$0.55 + \$0.20 = \$2.00 - wait, let's compute carefully:
$$
\$0.50 + \$0.70 = \$1.20
\$1.20 + \$0.55 = \$1.75
\$1.75 + \$0.20 = \$1.95

✔ Answer: Lulu received $1.95.

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Problem 4:

Zoe wants to buy her mom a pin. The pin costs $4.59. Zoe has 6 quarters, 7 dimes, 15 nickels, and 35 pennies. Does she have enough money to buy the pin?

Step-by-step breakdown:
- Quarters: 6 × $0.25 = $1.50
- Dimes: 7 × $0.10 = $0.70
- Nickels: 15 × $0.05 = $0.75
- Pennies: 35 × $0.01 = $0.35

Now add them:
$$
\$1.50 + \$0.70 = \$2.20
\$2.20 + \$0.75 = \$2.95
\$2.95 + \$0.35 = \$3.30
$$

So Zoe has $3.30, but the pin costs $4.59.

Since $3.30 < $4.59, she does not have enough.

✔ Answer: No, Zoe does not have enough money. She is short by $4.59 - $3.30 = $1.29.

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Problem 5:

Mario and Spencer bought 5 tickets to the movies. Each ticket cost $2.00. How much did all 5 tickets cost?

Solution:
Multiply number of tickets by price per ticket:
$$
5 × \$2.00 = \$10.00
$$

✔ Answer: All 5 tickets cost $10.00.

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✔ Final Answers Summary:

1. $1.78
2. $13.00
3. $1.95
4. No, she only has $3.30, needs $4.59
5. $10.00

Let me know if you'd like these written out with drawings or equations!