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Quizzes > High School Quizzes > Mathematics

Money Math Worksheets Practice Quiz

Tackle money word and story problems today

Difficulty: Moderate
Grade: Grade 3
Study OutcomesCheat Sheet
Paper art illustrating a trivia quiz for middle school students about money-related math skills.

If you have a 10-dollar bill and a 5-dollar bill, how much money do you have in total?
15 dollars
10 dollars
5 dollars
50 dollars
Adding the 10-dollar bill and the 5-dollar bill gives you a total of 15 dollars. This question tests simple addition of money amounts.
You buy a pencil for $1 and a notebook for $3. How many dollars do you spend altogether?
$4
$3
$1
$5
Adding $1 and $3 results in spending a total of $4. This tests basic addition with money.
If you receive $10 and spend $4 at the store, how much money is left?
$6
$4
$10
$14
Subtracting the $4 spent from the $10 received leaves you with $6. This reinforces basic subtraction with money.
Which coin is worth 25 cents?
Quarter
Dime
Nickel
Penny
A quarter is the coin that is valued at 25 cents. This question tests knowledge of common coin values.
If you have 3 pennies and each penny is worth 1 cent, how many cents do you have?
3 cents
1 cent
4 cents
30 cents
Multiplying 3 pennies by 1 cent each gives you 3 cents. This reinforces multiplication as repeated addition.
If a toy costs $15 and you have $8, how much more money do you need?
$7
$8
$5
$15
Subtracting the $8 you have from the $15 cost shows you need an additional $7. This problem applies subtraction to a real-life scenario.
You have 3 bills: $5, $10, and $20. What is the sum of these bills?
$35
$30
$25
$20
By adding $5, $10, and $20, you get a total of $35. This reinforces addition of multiple money amounts.
A store sells an apple for $0.50 and a banana for $0.30. What is the total cost of buying 2 apples and 3 bananas?
$1.90
$1.80
$2.00
$2.10
Multiplying 2 apples at $0.50 each gives $1.00, and 3 bananas at $0.30 each gives $0.90. Adding these amounts results in $1.90.
If you earn $2 for each chore and you complete 7 chores, how much money do you earn?
$14
$7
$10
$12
Multiplying 7 chores by $2 per chore yields $14. This question reinforces multiplication in a real-world context.
A lemonade stand sold cups at $1.50 each and sold 8 cups. What is the total revenue?
$12
$10
$14
$16
Multiplying the price per cup ($1.50) by 8 cups gives $12 in revenue. This tests multiplication with decimals.
If you have $20 and you purchase a book for $12, what percent of your money did you spend?
60%
50%
40%
30%
Dividing $12 by $20 gives 0.6, which is equivalent to 60%. This question introduces percentage calculation in a practical scenario.
A snack costs $2 and a drink costs $1.25. How much change will you receive from a $5 bill?
$1.75
$2.75
$3.00
$3.75
The total cost is $2 + $1.25 = $3.25, and subtracting this from $5 results in $1.75 change. This problem practices subtraction with decimals.
If a grocery bag contains 6 apples and you buy 2 bags, how many apples do you have?
12
8
6
10
Multiplying the 6 apples per bag by 2 bags gives you 12 apples in total. This reinforces multiplication through a real-life scenario.
You invest $50 and earn $10 interest. What is the ratio of your interest to the initial investment?
1:5
1:10
1:6
1:4
Dividing $10 by $50 simplifies to a ratio of 1:5. This question connects money math with ratio concepts.
If you need to split $18 equally among 3 friends, how much does each friend get?
$6
$5
$4
$7
Dividing $18 by 3 results in each friend receiving $6. This tests division in a practical money-sharing scenario.
A gadget costs $32.50 and is discounted by 15%. What is the final price rounded to the nearest cent?
$27.63
$28.13
$27.50
$26.75
Calculating 15% of $32.50 gives approximately $4.88, and subtracting this from the original price results in about $27.63. Rounding to the nearest cent confirms the correct final price.
A vending machine accepts only coins, and an item costs $1.25. Which of the following is a combination that equals the price?
5 quarters
3 quarters and 2 dimes
4 quarters and a nickel
2 quarters and 3 dimes
Five quarters at $0.25 each add up to $1.25, which matches the item's price exactly. The other options do not sum to $1.25.
If you have $20 and you purchase two items priced at $7.99 and $4.50 respectively, how much change do you receive when you pay with a $20 bill?
$7.51
$7.50
$7.49
$7.25
The total cost is $7.99 + $4.50 = $12.49, and subtracting this from $20 leaves you with $7.51 in change. This question requires careful addition and subtraction with decimals.
If a shop sells three items priced at $4.99, $9.99, and $14.99 respectively, what is the total cost when purchased together?
$29.97
$30.00
$29.98
$30.01
Adding the three prices (4.99 + 9.99 + 14.99) results in a total of $29.97. Precise addition of decimal numbers is key to arriving at the correct total.
You have $50. You spend $15.75 on groceries, $8.25 on a book, and $12.50 on a movie ticket. How much money do you have left?
$13.50
$14.50
$12.50
$11.50
The total spending is $15.75 + $8.25 + $12.50 = $36.50, and subtracting this from $50 leaves you with $13.50. This multi-step problem combines addition and subtraction with decimals.
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Study Outcomes

  1. Understand fundamental money math concepts through real-life scenarios.
  2. Apply arithmetic operations to calculate totals and change accurately.
  3. Analyze financial situations to determine the best purchasing decisions.
  4. Evaluate numerical data to assess and solve money-related challenges.

Money Math Worksheets & Word Problems Cheat Sheet

  1. Know Your Coins and Bills - Ever wonder why quarters are so shiny? Start by learning penny (1¢), nickel (5¢), dime (10¢), quarter (25¢), and dollar bills ($1, $5, $10). Practicing identifying and counting these money heroes builds a super-strong foundation for all your cash adventures. Free Counting Money Worksheets
  2. Master Grouping Coins and Bills - Grab a handful of coins and see how quickly you can count them by grouping like-values together. For example, two quarters and three dimes equals 80¢ in a blink. Regular practice turns you into a speed-collector who never misses a penny. Byju's Money Worksheets
  3. Make Change Magic - Subtracting purchase price from payment is like wizardry at the register. If you buy a comic for $2.75 and hand over a $5 bill, you'll conjure $2.25 back. This trick comes in handy every time you're the cashier or customer. Money Math Practice
  4. Become a Word-Problem Whiz - Turn everyday scenarios into money math quests. If three notebooks cost $1.50 each, the total is 3 × $1.50 = $4.50; see how stories make numbers stick? Practicing word questions helps you budget real treats like snacks or gifts. Money Word Problems
  5. Tackle Coin Combination Challenges - Flex your creativity by making the same amount in different ways, like turning 50¢ into two quarters or ten nickels. This coin jigsaw sharpens your flexibility and mental math. Soon, you'll be switching coins like a pro. Market Math Center Worksheets
  6. Get the Rounding Rundown - When prices get artsy, rounding helps you estimate with ease. If something is $2.49, it rounds down to $2, but at $2.50, it rounds up to $3! This quick trick is perfect for speedy shopping decisions and tip-jar guesses. Rounding Money Worksheets
  7. Compare Amounts Like a Pro - Use >, <, and = to see which price wins the money battle. Spotting that $3.25 > $2.75 is like declaring your snack bigger than a friend's. Comparing amounts helps you choose the best deals every time. Money Comparison Worksheets
  8. Add & Subtract with Confidence - Line up decimal points and crunch the numbers: $4.50 + $3.25 equals $7.75 without breaking a sweat. Mastering these basics ensures you won't slip up on grocery runs or lunch-money counts. Add & Subtract Money Worksheets
  9. Multiply & Divide for Smart Shopping - Thinking of buying multiples? If one book costs $5, four books cost 4 × $5 = $20. Or split a $10 pizza evenly with friends - division is your best party planner. Multiplication & Division Money Worksheets
  10. Embark on Real-Life Money Missions - Plan a mini-event budget or shop on a tight $10 allowance to test your skills in the wild. These practical challenges cement your money mastery and prepare you for everyday financial wins. Real-Life Money Worksheets
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