Addition and Subtraction with Money

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Basic Math › Addition and Subtraction with Money

Questions 1 - 10
1

Approximately how much will John need to pay if a pair of shoes cost $42.64, a pair of pants costs $37.99, and a shirt costs $21.34.

$100

$90

$110

$80

$120

Explanation

The key word, "approximately," indicates that we must round each of these values. Let's round to the nearest tens place because each of our answer choices is rounded to the tens place.

Shoes cost $42.64.

$42.64 rounded (down) to the nearest tens place is $40.

Pants cost $37.99.

$37.99 rounded (up) to the nearest tens place is $40.

A shirt costs $21.34.

$21.34 rounded (down) to the nearest tens place is $20.

Let's add up our estimated prices.

$40 + $40 + $20 =

$100.

2

Danielle buys four items costing , , , and . What is the estimated total of Danielle's items?

Between and

Between and

Between and

Between and

Explanation

To solve this problem, one should round either to the tenths place, or to the nearest dollar. can be rounded to , to , to , and to . When one adds up the estimated costs, it yields about .

3

Jane bought a pencil for , a skirt for , a coat for , and a headband for . How much did Jane pay in total for all the items she bought?

Explanation

Add up all the individual items.

Add

4

If Betty has in her wallet and buys a sandwich that costs , how much money will she have left in her wallet, in dollars?

Explanation

If Betty has in her wallet and buys a sandwich that costs , the best way to determine how much money is left in her wallet is to subtract from .

An easy way to do this is to first subtract and . This results in: .

Next, should be subtracted from . This results in:

Therefore, Betty will have left in her wallet.

5

Laura is going bowling with her friends this weekend and she is using some of the money that she has saved up from allowance and her birthday. She will have to pay a flat fee of $8 to rent her shoes and $10.50 per game she bowls. If she has planned to bowl 4 games and she is only taking $50 with her to the bowling alley will she have enough money? If yes, how much money will she have when she leaves the bowling alley?

Yes, None.

No

None of the other answers.

Yes,

Yes,

Explanation

The flat fee for the shoes will only be paid once since the shoes will be used for all four games. The cost per game will be paid each time one game finishes and a new one is started.

To calculate her cost add the fee for the shoes and the fee for each game played. That would be $8 (shoes) + $10.50 (game 1) + $10.50 (game 2) + $10.50 (game 3) + $10.50 (game 4) = $50 (total cost).

Laura had $50 with her so there was enough money and nothing left over when she left the bowling alley.

6

Mark went to the grocery store to buy ingredients to make a cake. He bought eggs for $2.99, flour for $4.99, sugar for $3.99, and butter for $2.50. If he paid the cashier with a $20 bill, how much money did he recieve in change?

Explanation

Since the question is asking how much money did Mark have left over, we need to subtract the cost of each item he bought from $20.

There are two ways of solving this problem:

  • We can add up the cost of all the ingredients and then subtract the total cost from $20.00

  • We can subtract the cost of each item from $20.00. Note, if we choose to solve the problem this way, we must follow order of operations and go from left to right

7

Billy earned for shoveling his driveway. He wants to buy a new toy and a candy bar, and then add the rest to his piggy bank. The new toy costs and the candy bar costs How much money will Billy have left over to add to his piggy bank?

Explanation

Billy had . After buying the toy he had left over:

.

After buying the candy bar he then had left for his piggy bank,

.

8

Sally bought 3 different picture frames and paid a total of $60. If the first frame cost $15 and the second frame cost $25, how much did the third frame cost?

Explanation

In order to find out how much the third frame costs, we need to subtract the cost of the first two frames ($15 and $25) from the total amount ($60).

There are two ways to subtract the cost of the first two frames from the total amount:

Method 1

We can subtract the total amount spent on the first two frames from $60

Remember to follow Order of Operations (PEMDAS) and add the numbers in parenthesis first.

The cost of the third frame was $20

Method 2

We can subtract the cost of each frame from $60

The cost of the third frame was $20

9

Larry owes Jon $5.75. If Larry gives Jon a $10 bill and Jon gives him change in quarters, how many quarters does Jon give to Larry?

Explanation

If Larry gives Jon a $10 bill to pay him back for $5.75, Jon will need to give Larry back .

If Jon gives the change in quarters, he will give him quarters.

10

Jenny has a new job at the mall. Her first paycheck was . She bought a pair of shoes for and a new dress for on the weekend. How much money from her first paycheck does Jenny have left on Monday?

Explanation

You must subtract the cost of the two purchases from the overall paycheck amount.

Begin by subtracting the shoe purchase from the total paycheck amount:

Then, subtract the cost of the dress:

is the amount of money Jenny has left from her paycheck on Monday.

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