Solved Exercises on One-Step Money Word Problems in Grade 3

Master one-step money word problems: addition, subtraction, multiplication, and division through these 5 detailed exercises.

Solution: Exercises 1 to 3
1 Addition Problem
Exercise 1
Sarah has $3.50. Her mom gives her $2.25 more. How much money does Sarah have now?
Definition:

One-step problem: A problem that requires only one mathematical operation to solve

Addition Method:
  1. Identify the amounts to be added
  2. Align decimal points
  3. Add the amounts column by column
  4. Include the dollar sign in the answer
Starting Amount
$3.50
Additional Amount
+$2.25
Total
$5.75
Step 1: Identify the amounts

Sarah starts with $3.50 and gets $2.25 more

Step 2: Set up the addition

$3.50 + $2.25

Step 3: Add the amounts

$3.50 + $2.25 = $5.75

Step 4: State the answer

Sarah has $5.75

Sarah has $5.75
Final answer:

Sarah has $5.75

Applied rules:

• One operation: Only addition is needed

• Decimal alignment: Align decimal points when adding money

• Context: Getting more money means addition

💰
$3.50
Start
➕
+$2.25
Added
✅
$5.75
Total
2 Subtraction Problem
Exercise 2
Tom had $10.00. He spent $4.75 on a book. How much money does he have left?
Definition:

Subtraction: Taking away or finding the difference between amounts

Starting Amount
$10.00
Amount Spent
-$4.75
Remaining
$5.25
Step 1: Identify the starting amount

Tom starts with $10.00

Step 2: Identify the amount spent

He spends $4.75

Step 3: Set up the subtraction

$10.00 - $4.75

Step 4: Calculate the result

$10.00 - $4.75 = $5.25

Step 5: State the answer

Tom has $5.25 left

Tom has $5.25 left
Final answer:

Tom has $5.25 left

Applied rules:

• One operation: Only subtraction is needed

• Decimal alignment: Align decimal points when subtracting

• Context: Spending money means subtraction

$10.00
-
$4.75
=
$5.25
3 Multiplication Problem
Exercise 3
Emma bought 3 notebooks that cost $1.50 each. How much did she spend in total?
Definition:

Multiplication: Repeated addition; finding total when you have equal groups

Number of Items
3
Cost Per Item
× $1.50
Total Cost
$4.50
Step 1: Identify the number of items

Emma bought 3 notebooks

Step 2: Identify the cost per item

Each notebook costs $1.50

Step 3: Set up the multiplication

3 × $1.50

Step 4: Calculate the result

3 × $1.50 = $4.50

Step 5: State the answer

Emma spent $4.50 in total

Emma spent $4.50 in total
Final answer:

Emma spent $4.50 in total

Applied rules:

• One operation: Only multiplication is needed

• Unit pricing: Multiply quantity by unit price

• Context: Equal groups mean multiplication

📓
3 notebooks
Quantity
🏷️
$1.50 each
Price
💰
$4.50
Total
One-Step Money Concepts and Rules
Total = Unit Price × Quantity
Multiplication Formula
Operation
Addition (+)
Combine, increase, total
Operation
Subtraction (-)
Take away, decrease, difference
Operation
Multiplication (×)
Groups, each, total
Operation
Division (÷)
Share, split, per
Key definitions:

One-step problem: Requires only one mathematical operation to solve

Unit price: Cost of one item (e.g., $2.50 per apple)

Total cost: Sum of all expenses

Complete methodology:
  1. Read the problem: Understand what is being asked
  2. Identify key information: Note all numbers and operations needed
  3. Choose the operation: Decide whether to add, subtract, multiply, or divide
  4. Solve the problem: Perform the single operation
  5. State the answer: Include the correct units and dollar sign
Tip 1: Look for clue words: "total" (add), "left" (subtract), "each" (multiply), "shared equally" (divide).
Tip 2: Always align decimal points when adding or subtracting money.
Tip 3: Draw a picture or diagram to visualize the problem.
Tip 4: Check if your answer makes sense in the real world.
Common errors: Misaligning decimals, choosing wrong operation, forgetting dollar sign.
Practice areas: Identifying operations, decimal alignment, money calculations.
Operation Clue Words:

• Addition: total, altogether, in all, combined, more, earned, received

• Subtraction: left, remaining, spent, cost, difference, less

• Multiplication: each, per, groups of, times, total cost

• Division: shared equally, divided, per person, split

Remaining = Starting Amount - Amount Spent
Subtraction Formula
Solution: Exercises 4 to 5
4 Division Problem
Exercise 4
Jake earned $12.00 from his allowance. He wants to share it equally among 4 weeks. How much can he spend each week?
Definition:

Division: Splitting a total amount into equal parts

Total Amount
$12.00
Number of Parts
÷ 4
Per Week
$3.00
Step 1: Identify the total amount

Jake has $12.00

Step 2: Identify the number of parts

He wants to share among 4 weeks

Step 3: Set up the division

$12.00 ÷ 4

Step 4: Calculate the result

$12.00 ÷ 4 = $3.00

Step 5: State the answer

Jake can spend $3.00 each week

Jake can spend $3.00 each week
Final answer:

Jake can spend $3.00 each week

Applied rules:

• One operation: Only division is needed

• Equal sharing: Division splits into equal parts

• Context: "Shared equally" indicates division

💰
$12.00
Total
📅
4 weeks
Parts
🏷️
$3.00
Each
5 One-Step Comparison
Exercise 5
Lisa has $8.50 and Mark has $5.25. How much more money does Lisa have than Mark?
Definition:

Comparison: Finding the difference between two amounts

Lisa's Amount
$8.50
Mark's Amount
- $5.25
Difference
$3.25
Step 1: Identify the larger amount

Lisa has $8.50 (the larger amount)

Step 2: Identify the smaller amount

Mark has $5.25 (the smaller amount)

Step 3: Set up the subtraction

$8.50 - $5.25

Step 4: Calculate the difference

$8.50 - $5.25 = $3.25

Step 5: State the answer

Lisa has $3.25 more than Mark

Lisa has $3.25 more than Mark
Final answer:

Lisa has $3.25 more than Mark

Applied rules:

• One operation: Only subtraction is needed

• Comparison: Subtract smaller from larger

• Context: "How much more" indicates subtraction

👩
$8.50
Lisa
❓
How much more?
Compare
👨
$5.25
Mark
✅
$3.25
Difference
One-Step Money Word Problems Summary
Comprehensive Summary of One-Step Problems
Definitions of Key Concepts:

One-step problem: A mathematical problem that can be solved using only one operation (addition, subtraction, multiplication, or division).

Clue words: Words in the problem that indicate which operation to use.

Unit price: The cost of one item. Example: $2.50 per apple.

Total cost: The sum of all individual costs. Example: 3 apples at $2.50 each = $7.50 total.

Core Rules and Principles:

• Single operation: One-step problems require only one mathematical operation.

• Decimal alignment: Always align decimal points when adding or subtracting money.

• Operation identification: Look for clue words to determine the correct operation.

• Context matters: Real-world situations guide the choice of operation.

Step-by-Step Methods:

1. Read the problem: Understand what is being asked.

2. Identify numbers: Find all the monetary amounts in the problem.

3. Find clue words: Look for words that suggest the operation to use.

4. Choose operation: Select the correct mathematical operation.

5. Calculate: Perform the single operation accurately.

6. State answer: Include the dollar sign and proper units.

Examples from Simple to Advanced:

Simple Addition: $2.00 + $3.00 = $5.00

Simple Subtraction: $10.00 - $4.50 = $5.50

Simple Multiplication: 4 items × $1.25 each = $5.00

Simple Division: $8.00 ÷ 4 people = $2.00 per person

Tips and Tricks:

• Clue word patterns: "Total" and "altogether" usually mean addition; "left" and "remaining" usually mean subtraction.

• Estimate first: Round numbers to estimate your answer before calculating precisely.

• Draw pictures: Visual representations can clarify the problem.

• Check reasonableness: Ask if your answer makes sense in the real world.

Common Pitfalls to Avoid:

• Misaligning decimal points during addition/subtraction

• Choosing the wrong operation due to misinterpreting clue words

• Forgetting to include the dollar sign in the answer

• Not reading the question completely to understand what is being asked

Key Takeaways for Memorization:

• One-step problems require only one operation to solve

• "Each" and "per" often indicate multiplication or division

• "How many more" and "difference" indicate subtraction

• Always align decimal points when working with money

Operation = Clue Word + Context
Choosing the Right Operation
➕
Addition
Getting more
➖
Subtraction
Giving/spending
✖️
Multiplication
Equal groups
➗
Division
Sharing equally

Questions & Answers

Question: How do I know which operation to use in a one-step money problem?

Answer: Look for clue words in the problem:

  • Addition: "total," "altogether," "in all," "more," "earned," "received"
  • Subtraction: "left," "remaining," "spent," "cost," "difference," "less"
  • Multiplication: "each," "per," "groups of," "times," "total cost"
  • Division: "shared equally," "divided," "per person," "split," "each"

Also consider the real-world situation: getting money = addition, spending money = subtraction.

Question: What if I see the word "each" in a problem? Does that always mean multiplication?

Answer: Usually "each" means multiplication, but context matters:

  • "3 items at $2.00 each" → 3 × $2.00 = $6.00 (multiplication)
  • "$12.00 shared equally among 4 people" → $12.00 ÷ 4 = $3.00 each (division)
  • "How much does each person get?" → This follows a division problem

Always read the full problem to understand the situation!

Question: Why is it important to align decimal points when adding or subtracting money?

Answer: Aligning decimal points ensures accuracy:

  • Keeps dollars with dollars and cents with cents
  • Prevents place value errors
  • Makes carrying and borrowing easier
  • Matches standard mathematical procedure

Example: $3.50 + $2.25 should be written vertically with decimal points aligned to get $5.75, not $57.50!