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Place Value Money Mastery

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Place Value Money Mastery worksheet preview

Place Value Money Mastery

💰 Part 1: Identifying Place Value in Prices

1. Look at the price $47.83. What is the value of each digit?

The digit 4 represents: __________

The digit 7 represents: __________

The digit 8 represents: __________

The digit 3 represents: __________

2. Circle the correct value of the digit 6 in the price $126.49:

6 cents

60 cents

$6

$60

3. Write these amounts in expanded form using powers of 10:

$15.67 = _____ × 10¹ + _____ × 10⁰ + _____ × 10⁻¹ + _____ × 10⁻²

$8.24 = _____ × 10⁰ + _____ × 10⁻¹ + _____ × 10⁻²

4. Which price has 9 in the hundredths place?

$12.90

$19.45

$8.29

$90.15

🎯 Part 2: Rounding and Estimating

5. Round these prices to the nearest dollar for quick estimation:

$23.67 ≈ $_____

$8.31 ≈ $_____

$15.89 ≈ $_____

$42.15 ≈ $_____

6. Estimate the total cost before calculating exactly:

Items: $12.45 + $7.89 + $23.67

My estimate: $_____

Exact total: $_____

7. You have $50. Circle all items you can afford individually:

Sports shoes: $48.99

School bag: $52.75

Calculator: $15.50

Lunch box: $12.95

🎉 Part 3: Event Budget Planning

8. You're planning a class party with a budget of $80. Use the price list below to create your budget:

Available Items:

• Pizza (large): $18.50 each

• Soft drinks: $12.75 for 6 pack

• Party decorations: $8.95

• Paper plates & cups: $6.40

• Lollies: $4.25 per bag

• Birthday cake: $25.00

My Budget Plan:

Item 1: _________________ Cost: $_____

Item 2: _________________ Cost: $_____

Item 3: _________________ Cost: $_____

Item 4: _________________ Cost: $_____

Item 5: _________________ Cost: $_____

Total Cost: $_____

Money left over: $_____

9. Explain how understanding place value helped you manage your budget decisions:
10. Why is it important to understand place value when dealing with money in real life?

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