Financial Problem Solving

Name:

Date:

💰 Part 1: Basic Money Problems

WALT: We are learning to solve financial problems using addition, subtraction and multiplication.

1. Sarah bought a sandwich for $8.50 and a drink for $3.25. How much did she spend altogether?

2. Tom has $45.80 in his wallet. He buys a book for $12.95. How much money does he have left?

3. A packet of biscuits costs $4.20. How much would 6 packets cost?

4. Multi-Step Problem: Emma earns $15 per hour babysitting. She worked for 4 hours on Saturday and 3 hours on Sunday. She spent $25 on lunch. How much money does she have left?

📊 Part 2: Percentages and Best Buys

WALT: We are learning to calculate discounts, compare prices and make smart buying decisions.

5. A jacket normally costs $80. It's on sale for 25% off. What is the sale price?

6. Best Buy Question: Which is better value?

Option A: 500g of rice for $3.50

Option B: 750g of rice for $4.80

7. Missing Information: Jake wants to buy a bike that costs $240. He saves $20 each week. What information do you need to find out when he can buy the bike?

8. Budgeting Problem: The Martinez family has a weekly food budget of $180. They've spent $45 on Monday, $32 on Wednesday, and $28 on Friday. Can they afford to spend $80 on groceries for the weekend? Explain your reasoning.

🧠 Part 3: Challenge Problems (Extension)

WALT: We are learning to solve complex financial problems and explain our reasoning.

9. Estimation: A family of 4 goes to the cinema. Adult tickets cost $18.50 and child tickets cost $12.75. They also buy 2 large popcorns at $8.90 each and 4 drinks at $5.25 each. Estimate the total cost to the nearest $10.

10. Open-Ended Problem: Design a weekly budget for a teenager who earns $50 per week from chores. They want to save for a $300 gaming console while still having money for entertainment and snacks. Show your budget plan.

11. Challenge: A shop offers two discount options: "Buy 2, get 1 free" OR "30% off everything". If you want to buy 3 identical items that cost $24 each, which option saves you more money? Show all working.