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Rounding Money Word Problems worksheet with four real-life math scenarios requiring rounding to the nearest dollar.

A worksheet titled "Rounding Money Word Problems" from Math Monks, featuring four math problems involving rounding monetary values to the nearest dollar, including scenarios like buying flowers, a trip cost, birthday party expenses, and daily savings.

A worksheet titled "Rounding Money Word Problems" from Math Monks, featuring four math problems involving rounding monetary values to the nearest dollar, including scenarios like buying flowers, a trip cost, birthday party expenses, and daily savings.

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Show Answer Key & Explanations Step-by-step solution for: Money Word Problems Worksheets - Math Monks
Here are the step-by-step solutions for each problem. Remember, the instructions say to round your final answer to the nearest dollar.

1) Julia bought 49 flowers for $1.50 each. Find the total cost of buying the flowers?

* Step 1: Multiply the number of flowers by the cost per flower.
$$49 \times \$1.50 = \$73.50$$
* Step 2: Round to the nearest dollar.
Since the cents are .50, we round up to the next whole dollar.
$$\$73.50 \rightarrow \$74$$

2) A trip to New York costs $66.75 per person. If there is a group of 11 travellers visiting the city, find the total cost incurred by them.

* Step 1: Multiply the cost per person by the number of people.
$$11 \times \$66.75 = \$734.25$$
* Step 2: Round to the nearest dollar.
Since the cents are .25 (which is less than .50), we keep the dollar amount the same.
$$\$734.25 \rightarrow \$734$$

3) Clara bought a cake for $25, 50 cupcakes for $0.75 each and 50 cookies for $0.50 each for her birthday party. How much did she spent in total?

* Step 1: Calculate the cost of the cupcakes.
$$50 \times \$0.75 = \$37.50$$
* Step 2: Calculate the cost of the cookies.
$$50 \times \$0.50 = \$25.00$$
* Step 3: Add the cost of the cake, cupcakes, and cookies together.
$$\$25.00 \text{ (cake)} + \$37.50 \text{ (cupcakes)} + \$25.00 \text{ (cookies)} = \$87.50$$
* Step 4: Round to the nearest dollar.
Since the cents are .50, we round up.
$$\$87.50 \rightarrow \$88$$

4) Rob saves $2.25 from his pocket money everyday. How much does he save in 1 month?

* Step 1: Determine the number of days in a month. In math problems like this, unless a specific month is named, we usually assume a standard month has 30 days.
* Step 2: Multiply the daily savings by the number of days.
$$30 \times \$2.25 = \$67.50$$
* Step 3: Round to the nearest dollar.
Since the cents are .50, we round up.
$$\$67.50 \rightarrow \$68$$

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Final Answer:
1) $74
2) $734
3) $88
4) $68
Parent Tip: Review the logic above to help your child master the concept of money word problems worksheet for 2nd grade.
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