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Solving Problems - Money (Year 5)
A cup of coffee cost £1.25. Mum bought five cups and paid with a £20 note. She had £13.75 change.

Solving Problems - Money (Year 5)

Solving money problems helps you budget, plan, and make smart decisions. Whether shopping or planning events, using maths with money keeps spending under control.

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Fascinating Fact:

Planning a party involves money problem solving to buy food, drinks, and decorations within a set budget.

In KS2 Maths, pupils develop their ability to solve real-life money problems. They learn to estimate costs, calculate totals, and work within budgets. These skills are essential for understanding financial value, comparing prices, and managing spending sensibly in everyday situations.

  • Budget: A set amount of money planned for spending.
  • Estimate: A sensible guess of how much something will cost or total.
  • Change: The money you receive when you pay more than the total cost.
How can I solve money problems in KS2 Maths?

You can solve money problems by adding prices, subtracting costs from payments, and using multiplication or division when sharing or comparing totals.

What does budgeting mean in maths?

Budgeting means planning how much money you can spend on things so you don’t run out or spend more than you have.

Why is it important to learn about money?

Learning about money helps children handle real-life decisions, from saving and shopping to understanding value and avoiding overspending.

1 .
Jo bought paint for £15.70, brushes for £5.47 and varnish for £3.25. How much did she spend altogether?
£23.50
£24.24
£24.42
£24.50
You only need to add the last digits for this one. 0 + 7 + 5 = 12 so we know that the answer will end in 2 which means that £24.42 must be correct
2 .
Yasmin saved 35p for 15 weeks. How much did she save altogether?
£4.25
£4.75
£5.25
£5.75
To multiply 35p by 15 you could times it by 10 to get £3.50
Then half this to find 35p x 5 = £1.75
Then add £3.50 and £1.75 to get £5.25
3 .
Jane spent £16.89. How much change would she have from £20?
£2.11
£3.11
£3.51
£4.11
£16.89 is 11p less than £17 and £17 is £3 less than £20
4 .
A cup of coffee cost £1.25. Mum bought five cups and paid with a £20 note. How much change did she have?
£12.75
£13.75
£14.25
£14.75
5 x £1.25 = £6.25
£20 - £6.25 = £13.75
5 .
The exchange rate of £1 is 1.5 dollars. How many dollars would you get for £5?
$5
$7
$7.50
$8
To calculate multiply 1.5 dollars by 5
6 .
A chair costs £240. The shop requires a 50% deposit. How much is the deposit?
£60
£90
£100
£120
£120 is 50% or 1?2 of £240
7 .
Peter bought two shirts. One cost £15.50 and the other cost £12.45. How much change would he have from a £50 note?
£21.95
£22
£22.05
£22.15
First work out £15.50 + £12.45 = £27.95. Then work out £50 - £27.95 = £22.05
8 .
In a sale a dress which usually costs £32 is half price. How much does the dress cost in the sale?
£15
£15.50
£16
£16.50
You might see signs saying 50% off. 50% off is the same as half price
9 .
Dad bought 8 apples for 72p. How much did one apple cost?
7p
8p
9p
10p
To calculate divide 72p by 8
10 .
A table normally costing £130 is reduced by 10%. How much is the table now?
£13
£113
£117
£127
To find 10% divide by 10 which give 13 then subtract from 130
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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