Everyday Money Word Problems Practice Test Worksheets
Money word problems test whether you can spot the operation hidden inside a short real-life situation. This page shows the core moves for unit prices, shared costs, discounts, change, and missing item prices.
For students who can handle coins and prices, but lose marks when discounts, totals, and change are mixed together.
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What Do Everyday Money Maths Questions Look Like?
Everyday money maths questions present short real-life scenarios involving purchases, shared bills, discounts, or change. You are asked to identify the correct operation to find a unit price, final discounted cost, or remaining balance. Here is a worked example.
Finding a Unit Price
Question: Andrew bought 5 drinks for $47.10. What is the cost of one drink?
Worked Method
Step 1: The 5 drinks all cost the same, so divide the total by 5.
$47.10 ÷ 5 = $9.42
Tip: Unit price means the cost of one item. Look for phrases like "cost of one" or "price of one".
Rules to Help You Solve Everyday Money Maths Questions
The questions are short, but each one depends on reading the situation carefully. Using the structure from the example above, choose the right operation before calculating.
🧮 Rule 1: Total divided by number = unit price
When identical items cost the same, divide the total cost by the number of items.
Example: 5 drinks cost $47.10, so one drink costs $47.10 ÷ 5 = $9.42
🤝 Rule 2: Equal sharing is division
If friends share a total bill equally, divide the whole amount by the number of friends.
Example: 3 friends share $14.76, so each pays $14.76 ÷ 3 = $4.92
🏷️ Rule 3: Subtract the Discount Amount
A discount lowers the original price. When the discount is given as a money amount, subtract that amount from the original price to find the sale price. For a percentage discount, calculate the money amount first.
Example: $16.48 with $5 off becomes $16.48 - $5 = $11.48
🧾 Rule 4: Change tells you what was spent
If someone pays with a note and gets change, subtract the change from the note first. That gives the total spent.
Example: $10 paid, $4.24 change: total spent = $5.76. If one item was $0.25, the other was $5.51.
Two More Worked Examples
Here are two additional problems showing how to subtract fixed discounts and work backwards from change to find a missing item price.
Finding a Price After a Discount
Question: A magazine originally cost $16.48, but there is a discount of $5. What is the new price?
Worked Method
Step 1: The discount is a fixed amount of $5.00, so subtract $5.00 from the original price.
$16.48 - $5.00 = $11.48
Tip: Check by adding the discount back to the sale price: $11.48 + $5.00 = $16.48, the original price.
Finding the Other Item Price
Question: Sita had a $10 note and bought two magazines. After getting $4.24 in return, one magazine cost $0.25. What was the price of the other magazine?
Worked Method
Step 1: Find the total spent: $10.00 - $4.24 = $5.76.
Step 2: Subtract the known magazine price: $5.76 - $0.25 = $5.51.
Tip: The change is not the answer. Change helps you find the total amount spent.
