Simple Money Word Problems

              Lesson 1

 

                                                           Problem:                                                              

 

 

A company wants to buy a satellite. But it has only $1,20,000. The satellite costs $1,50,000. How much more money does the company requires to buy the satellite?   

                                                                                Answer:        

                                                                                                

Do the following:       

                                                            Solution                   Read the above problem carefully

Step 1:      

                                                           

Solution                    Satellite cost = $1,50,000

Step 2:                       Company has = $1,20,000        

 

Solution                    Money required = 1,50,000 – 1,20,000

Step 3:                                                    = $30, 000        

 

                                                            Solution                    The answer is:  $30,000

Step 4:                        Write the answer in the space provided

                                                            Complete     

 

  

                                                            Try two practice problems:  

                                                                                                Do the following:

 A.

Don went for a lunch. He had $100. The lunch cost him $80. How much money is left with Don?

                                              Answer:

B.

John does map designing and earns $80 per map. How much money he gets on completing 5 maps?

                                                             Answer:

 

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