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Money Calculations Mastery

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Money Calculations Mastery worksheet preview

Money Calculations Mastery

Money and calculator illustration

💰 Part 1: Shopping Scenarios

Instructions: Read each scenario carefully. Show your working in the space provided. Use estimation first to check if your answer is reasonable.

1. Sarah buys a sandwich for $6.75 and a drink for $3.25. She pays with a $20 note.

a) Estimate the total cost: $ _________

b) Calculate the exact total cost: $ _________

c) How much change should Sarah receive? $ _________

2. Jake purchases three items: a notebook ($4.80), a pen ($2.45), and a ruler ($1.75). He gives the cashier $15.

a) Write an equation to find the total cost: _________________________

b) Total cost: $ _________

c) Change received: $ _________

3. Multiple Choice: Emma buys items totalling $12.65. She pays with a $50 note. What change should she receive?

$37.35

$38.35

$37.45

$38.45

📊 Part 2: Real-World Applications

4. At the school canteen, Tom buys: 2 pies at $4.50 each, 1 juice for $2.80, and 1 cookie for $1.70. He pays with two $10 notes.

a) Estimate first: About $ _________

b) Exact calculation:

2 × $4.50 = $ _________

Total cost = $ _________ + $ _________ + $ _________ = $ _________

c) Money given: $ _________

d) Change: $ _________

5. Maria is shopping for her family. She buys bread ($3.20), milk ($4.15), cheese ($6.85), and fruit ($8.30). She estimates she'll need about $25.

a) Is her estimate reasonable? Explain: _________________________

b) Exact total: $ _________

c) If she pays with $30, her change is: $ _________

6. Draw a number line to show this transaction: Items cost $7.40, customer pays $10, change is $2.60

🧮 Part 3: Problem Solving

7. Challenge Problem: Alex has $45 to spend. He wants to buy a game for $28.95 and a magazine for $7.50. Does he have enough money? If yes, how much change will he have? If no, how much more does he need?

Answer: _________________________________________________

8. Create your own shopping scenario: List 3 items with prices, choose an amount to pay with, then calculate the total and change.

Item 1: _________________ Price: $ _________

Item 2: _________________ Price: $ _________

Item 3: _________________ Price: $ _________

Amount paid: $ _________

Total cost: $ _________ Change: $ _________

9. Reflection: Why is it important to estimate your answer before calculating? Give two reasons.

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