MONEY AND INVESTMENT WORD PROBLEMS WORKSHEET

Problem 1 :

Michaela has 5-cent and 10-cent stamps with a total value of $5.75. If she has 5 more 10-cent stamps than 5-cents stamps, how many of each stamp does she have?

Solution

Problem 2 :

The school tuck-shop has milk in 600 mL and 1 liter cartons. If there are 54 cartons and 40 L of milk in total, how many 600 mL cartons are there?

Solution

Problem 3 :

Aaron has a collection of American coins. He has three times as many 10 cent coins as 25 cent coins, and he has some 5 cent coins as well. If he has 88 coins with total value $11.40, how many of each type does he have?

Solution

Problem 4 :

Tickets at a football match cost $8, $15 or $20 each. The number of $15 tickets sold was double the number of $8 tickets sold. 6000 more $20 tickets were sold than $15 tickets. If the total gate receipts were $783000, how many of each type of tickets was sold?

Solution

Problem 5 :

Kelly blends coffee. She mixes brand A costing $6 per kilogram with brand B costing $8 per kilogram. How many kilograms of each brand does she have to mix to make 50 kg of coffee costing her $7.20 per kg?

coffee.png

Solution

Problem 6 :

Su Li has 13 kg of almonds costing $5 per kg. How many kg of cashews costing $12 per kg should be added to get a mixture of the two nut types which would cost $7.45 per kg?

cashews.png

Solution

Answer Key

1)  there are 35 5-cent stamps and 40 10-cent stamps.

2)  x = 35 cartons

3)  Therefore, Aaron has 8 five-cent, 60 ten-cent and 20 25-cent coins.

4)  8500, 17000, 23000

5)  20 kg of A and 30 kg of B

6)  So, 7 kg of cashew cost $12.

Problem 1 :

Sally earned $404 per week for 7 months of the year. Estimate the total amount of money she earned.

Solution

Problem 2 :              

If a baker sells 24 dozen rolls at 15 cents each, how much money does he receive?

Solution

Problem 3 :

A women has $255 in her purse. She given $35 to each of her five children. How much money does she have left?

Solution

Problem 4 :

2/3 of an amount of money is $519.

Find:

a. 1/3 of money

b. the whole amount

Solution

Problem 5 :

2/11 of Jo's weekly earnings are paid as income tax. She has $666 remaining after tax. What is her total weekly pay?

Solution

Problem 6 :

Jamil spent 1/4 of his weekly salary on rent, 1/5 on food, and 1/6 on clothing and entertainment. The remaining money was banked.

a. What fraction of Jamil's money was banked?

b. If the banked $138.00, what is his weekly salary?

c. How much did Jamil spend on food?

Solution

Problem 6 :

Jamil spent 1/4 of his weekly salary on rent, 1/5 on food, and 1/6 on clothing and entertainment. The remaining money was banked.

a. What fraction of Jamil's money was banked?

b. If the banked $138.00, what is his weekly salary?

c. How much did Jamil spend on food?

Solution

Problem 7 :

Ken spent 1/4 of his money on Monday and 2/5 of it on Tuesday. What fraction of his money remains?

Solution

Problem 8 :

In order to bake cakes for the school fair, I buy 180 kg of flour at $0.84 per kg and 25 kg of sugar at $1.17 per kg. How much money have I spent?

Solution

Answer Key

1)  Total amount of money she earned is $11312.

2) The amount he receives $43.2.

3)  $80

4)  a) $259.5, b)  $778.5

5)  So, Jo's weekly earning is $814

6) a) 23/60, b) 360, c) 72

7)  So,7/20 of his money remains.

8)  $180.45

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