Money Word Problems (Grade 1)
Money word problems are stories about buying, selling, saving, or spending money. In Class 1, children solve simple problems using addition and subtraction with Indian rupees.
These problems help children connect what they learn about money and numbers to real-life situations like going to a shop or saving in a piggy bank.
What is Money Word Problems (Grade 1) - Class 1 Maths (Money (Grade 1))?
A money word problem is a short story that asks you to find how much money someone has, spends, or gets back. You use addition (to find total) or subtraction (to find change or how much is left).
Solved Examples
Example 1: Example 1: Total Cost
Question: Ria buys a pencil for ₹3 and an eraser for ₹2. How much did she spend?
Think:
- Pencil = ₹3, Eraser = ₹2
- Total = ₹3 + ₹2 = ₹5
Answer: Ria spent ₹5.
Example 2: Example 2: Getting Change
Question: Aman gives ₹10 to buy a toy car that costs ₹7. How much change does he get?
Think:
- ₹10 − ₹7 = ₹3
Answer: Aman gets ₹3 change.
Example 3: Example 3: Enough Money?
Question: Priya has ₹8. A notebook costs ₹10. Can she buy it?
Think:
- ₹8 < ₹10
- She does not have enough
Answer: No, Priya cannot buy the notebook. She needs ₹2 more.
Example 4: Example 4: Saving Money
Question: Dev saves ₹5 on Monday and ₹4 on Tuesday. How much has he saved?
Think:
- ₹5 + ₹4 = ₹9
Answer: Dev has saved ₹9.
Example 5: Example 5: Buy Two Things
Question: Meera has ₹10. She buys a bangle for ₹3 and a ribbon for ₹4. How much is left?
Think:
- Total spent = ₹3 + ₹4 = ₹7
- Money left = ₹10 − ₹7 = ₹3
Answer: Meera has ₹3 left.
Example 6: Example 6: How Much More?
Question: A ball costs ₹9. Arjun has ₹6. How much more does he need?
Think:
- ₹9 − ₹6 = ₹3
Answer: Arjun needs ₹3 more.
Example 7: Example 7: Share Equally
Question: Neha has ₹10. She gives ₹5 to her brother. How much does she have now?
Think:
- ₹10 − ₹5 = ₹5
Answer: Neha has ₹5 left.
Key Points to Remember
- Use addition to find the total cost of two or more items.
- Use subtraction to find the change (money returned) or money left.
- Always check if you have enough money before buying.
- Change = Money given − Cost of item.
- Money left = Total money − Money spent.
Practice Problems
- Kavi buys a toffee for ₹1 and a biscuit for ₹5. How much did he spend?
- Aditi gives ₹10 for a toy that costs ₹6. How much change does she get?
- Rahul has ₹7. A pen costs ₹9. Does he have enough money?
- Ria saves ₹3 on Monday, ₹2 on Tuesday, and ₹5 on Wednesday. How much did she save in total?
- A book costs ₹8. Dev has ₹5. How much more money does he need?
- Priya has ₹10. She buys a rubber for ₹2 and a sharpener for ₹3. How much is left?
Frequently Asked Questions
Q1. What are money word problems?
Money word problems are short stories about buying, selling, saving, or spending money. You need to use addition or subtraction to find the answer.
Q2. When do I add in money problems?
Add when you need to find the total cost of two or more items, or the total amount saved over multiple days.
Q3. When do I subtract in money problems?
Subtract when you need to find the change after buying something, or how much money is left after spending.
Q4. What is change?
Change is the money you get back when you pay more than the cost. Change = Money given minus Cost of item.
Q5. How do I know if I have enough money?
Add up all your coins and notes. If your total is equal to or greater than the price, you have enough. If it is less, you need more.
Q6. Why are money word problems important?
They help you learn to handle money in real life — buying things at a shop, saving pocket money, and checking if you have enough for something you want.
