Money Word Problems (Grade 3)
Money word problems in Class 3 involve real-life situations like shopping, making bills, calculating change, and comparing prices. Students apply addition, subtraction, and multiplication of money to solve these problems.
These problems use Indian currency (₹ and paise) and everyday contexts like buying school supplies, fruits, and toys.
What is Money Word Problems - Class 3 Maths (Money)?
A money word problem is a story-based question that requires adding, subtracting, multiplying, or comparing amounts of money.
Key facts to remember:
- ₹1 = 100 paise
- Always align the decimal point when calculating
- Change = Amount paid − Cost of items
Types and Properties
Types of money word problems in Class 3:
- Total cost: Add prices of multiple items
- Finding change: Subtract cost from the amount paid
- Making bills: List items and their prices, then find the total
- Comparing prices: Find which item costs more or less
- Buying multiples: Multiply the price by the number of items
Solved Examples
Example 1: Finding Total Cost
Question: Ria buys a geometry box for ₹75 and a bag of colour pencils for ₹120. How much does she spend?
Think:
- Cost of geometry box = ₹75
- Cost of colour pencils = ₹120
- Total = ₹75 + ₹120 = ₹195
Answer: Ria spends ₹195.
Example 2: Finding Change
Question: Aman buys mangoes for ₹86. He gives the shopkeeper a ₹100 note. How much change does he get?
Think:
- Amount paid = ₹100
- Cost = ₹86
- Change = ₹100 − ₹86 = ₹14
Answer: Aman gets ₹14 as change.
Example 3: Buying Multiple Items of the Same Kind
Question: Priya buys 4 chapati packets. Each packet costs ₹25. What is the total cost?
Think:
- Cost of 1 packet = ₹25
- Number of packets = 4
- Total = 4 × ₹25 = ₹100
Answer: The total cost is ₹100.
Example 4: Making a Bill
Question: Dev buys the following items from a stationery shop. Make the bill.
| Item | Price |
|---|---|
| 2 notebooks | ₹30 each |
| 1 pencil box | ₹55 |
| 3 erasers | ₹5 each |
Think:
- Notebooks: 2 × ₹30 = ₹60
- Pencil box: ₹55
- Erasers: 3 × ₹5 = ₹15
- Total = ₹60 + ₹55 + ₹15 = ₹130
Answer: The total bill is ₹130.
Example 5: Comparing Prices
Question: A story book costs ₹145 and a puzzle book costs ₹98. How much more does the story book cost?
Think:
- Difference = ₹145 − ₹98 = ₹47
Answer: The story book costs ₹47 more than the puzzle book.
Example 6: Money with Paise
Question: Meera buys a chocolate for ₹12.50 and a packet of biscuits for ₹22.75. How much does she pay?
Think:
- Paise: 50 + 75 = 125 paise = ₹1.25
- Rupees: 12 + 22 = 34
- Total = ₹34 + ₹1.25 = ₹35.25
Answer: Meera pays ₹35.25.
Example 7: Saving Money
Question: Kavi saves ₹15 every day. How much money does he save in one week (7 days)?
Think:
- Savings per day = ₹15
- Number of days = 7
- Total savings = 7 × ₹15 = ₹105
Answer: Kavi saves ₹105 in one week.
Example 8: Multi-Step Problem
Question: Aditi has ₹500. She buys a tiffin box for ₹185 and a water bottle for ₹95. How much money does she have left?
Think:
- Total spent = ₹185 + ₹95 = ₹280
- Money left = ₹500 − ₹280 = ₹220
Answer: Aditi has ₹220 left.
Example 9: Equal Sharing of Money
Question: Arjun and Neha collect ₹84 together. They divide equally. How much does each get?
Think:
- Total = ₹84
- Each person's share = ₹84 ÷ 2 = ₹42
Answer: Each person gets ₹42.
Key Points to Remember
- Always read the problem carefully to decide whether to add, subtract, multiply, or divide.
- Total cost = sum of all item prices.
- Change = amount paid minus total cost.
- When buying multiples of the same item, multiply the price by the quantity.
- Align the decimal point when working with rupees and paise.
- If paise add up to 100 or more, convert to rupees.
- Check your answer by working backward.
Practice Problems
- Rahul buys a bat for ₹250 and a ball for ₹35. How much does he spend in total?
- Priya has ₹200. She buys a book for ₹78 and a pen for ₹15. How much money is left?
- A pack of 6 juice boxes costs ₹90. What is the cost of one juice box?
- Dev buys 5 mangoes at ₹12 each. What is the total cost?
- Meera buys a doll for ₹165.50 and gives a ₹200 note. How much change does she get?
- Aditi saves ₹20 on Monday, ₹15 on Tuesday, ₹25 on Wednesday, and ₹10 on Thursday. How much does she save in total?
- A toy car costs ₹45 and a toy bus costs ₹62. How much more does the bus cost?
Frequently Asked Questions
Q1. What are money word problems?
Money word problems are story-based questions involving buying, selling, saving, or sharing money. You use addition, subtraction, multiplication, or division to solve them.
Q2. How do you find the total cost of items?
Add the prices of all items together. If buying multiple units of the same item, multiply the unit price by the quantity first, then add everything.
Q3. How do you calculate change?
Subtract the total cost from the amount paid. For example, if you pay ₹100 for items costing ₹72, the change is ₹100 minus ₹72 = ₹28.
Q4. What is a bill in maths?
A bill is a list of items bought with their prices and the total amount. It helps keep track of spending. Students learn to create simple bills in Class 3.
Q5. How do you solve a multi-step money problem?
Break the problem into smaller steps. First find the total cost, then subtract from the amount available. Work one step at a time.
Q6. How do you handle paise in word problems?
Treat paise like a two-digit number after the decimal. Add paise with paise. If the total paise reaches 100, convert to 1 rupee.
Q7. What operation do you use when buying many of the same item?
Use multiplication. Multiply the price of one item by the number of items. For example, 3 pens at ₹8 each cost 3 multiplied by 8 = ₹24.
Q8. How do you divide money equally?
Divide the total amount by the number of people sharing. For example, ₹60 shared equally among 3 children gives ₹60 divided by 3 = ₹20 each.
Q9. Are money word problems in the NCERT Class 3 syllabus?
Yes. Money word problems are part of the Money chapter in NCERT Class 3 Maths. Students solve problems on buying, selling, making bills, and calculating change.
