Free. Exclusive. Just for you.
Four unique services that make learning easier, faster, and smarter - only on our website.

Money word problems worksheet for elementary students.

A worksheet titled "Money Word Problems" featuring eight math word problems involving calculations with money, with an igloo illustration in the top right corner.

A worksheet titled "Money Word Problems" featuring eight math word problems involving calculations with money, with an igloo illustration in the top right corner.

PNG 377×491 90.2 KB Free · Personal Use
Quality Assured by Worksheets Library Team
Reviewed for educational accuracy and age-appropriateness
ID: #767198
Show Answer Key & Explanations Step-by-step solution for: Money Word Problems Worksheet | Educational Resource
Here are the step-by-step solutions for each problem on the worksheet.

1. Joslyn has $16.00 and Ollyver has $1.90. How much money do they have together?
* Step 1: To find the total, add Joslyn's amount to Ollyver's amount.
* Calculation: $16.00 + $1.90 = $17.90
* Check: 16 plus 1 is 17, and there are 90 cents. So, $17.90.

2. Kenton has $19.92. He buys a video game for $4.61. How much money will Kenton have left?
* Step 1: Subtract the cost of the game from Kenton's starting money.
* Calculation: $19.92 - $4.61
* Cents: 92 - 61 = 31
* Dollars: 19 - 4 = 15
* Result: $15.31

3. Alice has $19.00 and Liam has $2.15. How much money do they have together?
* Step 1: Add Alice's money to Liam's money.
* Calculation: $19.00 + $2.15
* Dollars: 19 + 2 = 21
* Cents: 00 + 15 = 15
* Result: $21.15

4. After buying some marbles for $16.00, Stephan has $3.93 left. How much money did Stephan have to begin with?
* Step 1: Add the money he spent to the money he has left to find the starting amount.
* Calculation: $16.00 (spent) + $3.93 (left)
* 16 + 3 = 19
* Add the 93 cents.
* Result: $19.93

5. After buying some oranges for $19.00, Sebastian has $9.04 left. How much money did Sebastian have to begin with?
* Step 1: Add the cost of the oranges to the remaining money.
* Calculation: $19.00 (spent) + $9.04 (left)
* 19 + 9 = 28
* Add the 04 cents.
* Result: $28.04

6. Easton has to save enough money to buy a used bike that costs $11.29. He earned $8.22 doing extra things for his mother. How much more money does Easton need to earn to buy the bike?
* Step 1: Subtract the money he already has from the total cost of the bike.
* Calculation: $11.29 - $8.22
* Cents: 29 - 22 = 07
* Dollars: 11 - 8 = 3
* Result: $3.07

7. Easton has $17.42. He buys a video game for $7.22. How much money will Easton have left?
* Step 1: Subtract the price of the game from Easton's money.
* Calculation: $17.42 - $7.22
* Cents: 42 - 22 = 20
* Dollars: 17 - 7 = 10
* Result: $10.20

8. Eric has to save enough money to buy a used bike that costs $16.91. He earned $1.27 doing extra things for his mother. How much more money does Eric need to earn to buy the bike?
* Step 1: Subtract the money Eric has from the total cost of the bike.
* Calculation: $16.91 - $1.27
* Cents: 91 - 27 = 64
* Dollars: 16 - 1 = 15
* Result: $15.64

Final Answer:
1. $17.90
2. $15.31
3. $21.15
4. $19.93
5. $28.04
6. $3.07
7. $10.20
8. $15.64
Parent Tip: Review the logic above to help your child master the concept of money word problems worksheet.
Print Download

How to use

Click Print to open a print-ready version directly in your browser, or use Download to save the file to your device. The ⭐ Answer button generates an AI answer key instantly - useful for teachers who need a quick reference. Need a different version? Our AI Worksheet Generator lets you create a custom worksheet on any topic in seconds.

(view all money word problems worksheet)

Money Word Problems Grade 3 - Worksheet Digital
Money word problems: addition and subtraction (1) - Money by ...
Money Word Problems Worksheets - Math Monks
Money Word Problems Worksheets
Money Word Problems
50+ Money Word Problems worksheets for 7th Grade on Quizizz | Free ...
Grade 2 Money word problem worksheets | K5 Learning
Money Word Problems Worksheet to Download and Print
Money Word Problems Grade 2 | Worksheet Digital
Money Solving Problems Worksheet | Junior and Senior Infants