JENECONKMaths Universe

Financial Word Problems

Ages 9–13

Difficulty adapts to you

Financial Word Problems

Financial word problems combine money skills with addition, subtraction, multiplication, and division to solve real situations.

Your goals

  • ✓You can solve real-life money problems.
  • ✓You can use cost, discount correctly.
  • ✓You can write the currency symbol and check whether the answer fits the situation.

Words to know

cost:
The amount paid for something.
discount:
An amount taken off the original price.

Examples

  • 1"3 friends share a £24 pizza bill equally. How much each?" → £24 ÷ 3 = £8 each.
  • 2"A shirt costs £15. It is on sale for 20% off. New price?" → 20% of £15 = £3. New price = £12.

Check these

  • • Do not mix different currency units without converting them.
  • • Keep every number, symbol, label, and unit in its correct place.
  • • Show enough working to check how you reached your answer.

Helpful habits

  • • Read the whole question before choosing what to do.
  • • Show one clear step at a time and check each step.
  • • If you are stuck, draw a model, try smaller numbers, or revisit the example.

Now try your own

Create your own financial word problems example, solve it, and explain how you checked it.

Byte

Byte

Helpful Hints

“Hint: Break big problems into smaller steps!”