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This Money Word Problem Game/Worksheet is a great way to put your skills to the test in a fun environment. By practicing, you’ll start to work out the answers efficiently.
Money Word Problem Quiz/Game
This game focuses on solving word problems involving money, covering basic operations, conversions, and multi-step scenarios. Scroll down the page for a more detailed explanation.
How to Play the Money Quest Game
Solving Money Word Problems
Know Your Values
Before solving, you must know the decimal values of the coins:
Penny: $0.01
Nickel: $0.05
Dime: $0.10
Quarter: $0.25
The Three Golden Rules
Rule A: Line Up the Decimals
When adding or subtracting money, always align the decimal points vertically.
Rule B: Convert to Cents for Easy Math
If decimals confuse you, turn everything into cents.
Rule C: “The Change Rule”
When a problem asks for change, it is always a subtraction problem.
Formula: Money Given - Cost of Item = Change
Common Problem Types
Type 1: The Total Cost (Addition)
Problem: You buy a soda for $1.10 and chips for $0.85. What is the total?
Strategy: Combine the two values.
Math: 1.10 + 0.85 = 1.95.
Answer: $1.95.
Type 2: Finding Change (Subtraction)
Problem: A toy costs $3.50. You pay with a $5.00 bill. How much change do you get?
Strategy: Start with the money you handed the cashier and subtract the price.
Math: 5.00 - 3.50 = 1.50.
Answer: $1.50.
Type 3: The Multi-Step Quest
Problem: You have 3 quarters. You want to buy a candy bar for $$1.00$. How much more money do you need?
Find what you have: 3 × 0.25 = 0.75.
Find the gap: 1.00 - 0.75 = 0.25.
Answer: You need $0.25 (one more quarter).
This video gives a clear, step-by-step approach to explain how to solve money word problems.
Try out our new and fun Fraction Concoction Game.
Add and subtract fractions to make exciting fraction concoctions following a recipe. There are four levels of difficulty: Easy, medium, hard and insane. Practice the basics of fraction addition and subtraction or challenge yourself with the insane level.
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