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Mum bought 3 tins of paint for 60p each. She had £3.20 in change left over from £5.

Solving Problems - Money (Year 3)

Solving money problems helps you make smart choices with coins and notes — from buying snacks to working out change after a fun shopping trip.

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Fascinating Fact:

Every time you buy something in a shop, you are solving a money problem by checking if you have enough coins.

In KS2 Maths, pupils learn how to use addition, subtraction, multiplication, and division to solve money problems. They practise calculating totals, working out change, and comparing costs. These skills are useful in real life, helping children handle money confidently and make smart financial decisions.

Key Terms

Value: How much a coin or note is worth.
Total: The full amount after adding up all the money.
Change: The money returned when you pay more than the cost of an item.

Frequently Asked Questions (Click to see answers)

How do you solve money problems in KS2 maths?

To solve money problems, you add or subtract amounts to find totals or change, often using decimal notation for pounds and pence.

What is the best way to check my change?

You can subtract the cost from the amount you paid or count up from the cost until you reach the amount given to check it’s correct.

Why is learning about money important in maths?

Money maths helps you budget, shop wisely, and understand the value of coins and notes — useful for everyday life and independence.

Try These Related Quizzes

1 .

Parveen is saving to buy a bag for £4.50. She saves 90p per week. How many weeks does she save to buy the bag? Which number sentence is correct?

£4.50 x 90p =

£4.50 - 90p =

£4.50 + 90p =

£4.50 ÷ 90p =

Parveen would save for 5 weeks

2 .

Lucy buys a ruler for 80p, a pencil for 35p and an eraser for 25p. How much did she spend? Which number sentence is correct?

80p + 35p + 25p = £1.40

80p + 35p - 25p = 90p

80p - 35p - 25p = 20p

80p - 35p + 25p = 70p

To calculate this problem we need to add

3 .

A pear costs 5p more than an apple. An apple is 20p. How much are four pears?

25p

75p

£1

£1.25

If a pear costs 5p more than an apple then one pear costs 25p.
25p x 4 = £1

4 .

Jake buys a pie for 90p and chips for 75p. He has £2. How much change did he get?

25p

30p

35p

45p

To calculate 90p + 75p = £1.65 so £2 - £1.65 = 35p

5 .

How many pence in £7.96?

7,960p

796p

79.60p

7.96p

There are 100 pence in every pound so £7 is the same as 700p

6 .

It cost £1.50 for a cinema ticket. How much would it cost for two people to go to the cinema? Which number sentence is correct?

£1.50 + 2 = £1.52

£1.50 x 2 = £3

£1.50 ÷ 2 = 75p

£1.50 - 2 = £1.48

To calculate this problem we need to multiply

7 .

What is the total amount of two 10p coins, one 50p coin, one £2 coin and one £1 coin?

£2.50

£2.70

£3.70

£4.60

2 x 10p = 20p + £1 + £2 + 50p = £3.70

8 .

Mum bought 3 tins of paint for 60p each. How much change did she have from £5?

£1.80

£2

£2.20

£3.20

3 x 60p = £1.80
£5 - £1.80 = £3.20

9 .

If a cream bun costs £1.20, how much change would there be from £2? Which number sentence is correct?

£2 + £1.20 = £3.20

£2 - £1.20 = 80p

£2 x £1.20 = £2.40

£1.20 ÷ £2 = 60p

To calculate this problem we need to subtract

10 .

What is 539p in £ and p?

£539

£5.39

£53.90

£5,390

Remember that £1 = 100p so 500p = £5

You can find more about this topic by visiting BBC Bitesize - Solving money problems

Author: Amanda Swift (Primary School Teacher & Educational Content Developer)

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