Add and subtract money: word problems

Key Notes :

🪙 Understand the Money Format

  • Money is written in rupees and paise.
  • Example: ₹45.75 (45 rupees and 75 paise)
  • 💡 Always line up decimal points when adding or subtracting.

🧠 Identify What the Question Asks

Look for keywords:

  • Add ➡️ total, altogether, in all, combined
  • Subtract ➡️ left, remaining, how much more, difference

🕵️‍♂️ Read carefully before solving!


Add Money When Finding Total

When the question asks for total cost, amount spent, or amount collected, add the values.

Example:

  • Pencil: ₹10.50
  • Eraser: ₹5.25
  • Total = ₹15.75 🎉

Subtract Money to Find Difference

Use subtraction when finding change, balance, how much is left, or how much more is needed.

Example:

  • You have ₹50
  • Item costs ₹38.75
  • Change = ₹11.25 🪙✨

🧮 Align Decimals Before Solving

  • Write amounts one below the other with the decimal point in the same place.
  • Helps avoid mistakes! 🎯

🔁 Convert Paise if Needed

Sometimes easier to convert:

  • ₹1 = 100 paise
  • Example: ₹4.75 = 475 paise

Convert back after solving. 🔄


📘 Use Step-by-Step Method

  1. Read the problem. 👀
  2. Identify operation (add/subtract). 🔍
  3. Write amounts properly. ✏️
  4. Solve. 🧮
  5. Write final answer with ₹ symbol. ✔️

🎨 Check Your Answer

  • Does the answer make sense?
  • Bigger number – smaller number = positive value
  • Double-check calculation! ✔️😃

🛒 Common Word Problem Situations

  • Shopping bills 🛍️
  • Getting change 💵
  • Saving money in a piggy bank 🐷
  • Comparing item prices 📊

🌟 Practice Makes You a Money Master!

The more word problems you try, the better you become at handling money in real life! 💰🏆😄

Learn with an example

1) A pink bead costs ₹8. A purple bead costs ₹7.

How much more does a pink bead cost than a purple bead?

₹____

Subtract the numbers:

₹8 – ₹7 = ₹1

The pink bead costs ₹1 more.

2) An orange balloon usually costs ₹5. Today it is on sale for ₹3. If Kyle buys a balloon today.

How much will he save?

₹____

Subtract the numbers:

₹5 – ₹3 =₹2

Kyle will save ₹2 today on the purchase of the balloon.

3) Diana and Jessica took a trip to the beach. Diana bought a seashell that cost ₹9.00 and Jessica bought a seashell that cost ₹7.00.

How much more did Diana pay?

₹______

Subtract the numbers in each column. Write the decimal point in the answer.

₹9.00 – ₹7.00 = ₹2.00

Diana spent ₹2.00 more than Jessica.

Let’s practice!🖊️