Addition and Subtraction of Money

In Addition and Subtraction of Money we will learn how to add money and how to subtract money. 

Addition of Money:

There are two ways of adding money as shown in the given examples.

1. Add ₹ 81.45 and ₹ 125.65.

Solution:

Add Money Method

First Method:

Step II: Write in columns such that the dots are exactly one below the other.

Step II: Add the paise first and then the rupees.

Step III: Regroup if required.

Second Method:

₹ 81.45 + ₹ 125.65 = ₹ 207.10


Subtraction of Money:

There are two ways of subtracting money as shown in the given examples.

1. Subtract ₹ 93.05 from ₹ 140.50.

Subtraction Money Method

Solution:

First Method:

Step I: Write in columns such that the dots are exactly one below the other.

Step II: Subtract the paise first and then the rupees.

Step III: Regroup if required.


Second Method:

₹ 140.50 - ₹ 93.05 = ₹ 47.45


Combine Addition and Subtraction of Money:

1. Subtract the sum of ₹ 16.22 and ₹ 31.05 from ₹ 78.63.

Solution:

Add (Sum)

Subtract

Addition Money Method
Subtraction of Money Method

Therefore, the answer is ₹ 31.36.


Word Problems on Combination of Addition and Subtraction of Money:

1. Michael bought a glue stick for ₹ 17.50 and a note book for ₹ 24.50. He gave ₹ 50 to the  shopkeeper. How much he got back?

Solution:

Cost of a glue stick  =       ₹ 17 . 50

Cost of a note book =   +  ₹ 24 . 50

Money spent in all   =       ₹ 42 . 00

  

He paid          =      ₹ 50 . 00

Cost of items  =  -  ₹ 40 . 00

He got back    =     ₹ 10 . 00

Therefore, Michael got back ₹ 10.


Worksheet on Addition and Subtraction of Money:

1. Add the following:

(i)

          ₹          p

       2 2 3      1 8

   +  3 4 2      3 0 

   _____________

(ii)

          ₹          p

       2 5 6      2 7

   +  5 3 8      9 0 

   _____________

(iii)

          ₹          p

       5 3 5      6 0

          2 9      4 2

   +       8      2 7 

   _____________

(iv)

          ₹          p

       1 7 5      3 0

       3 2 6      1 9

   +  9 3 4      6 7 

   _____________

(v)

          ₹          p

       7 1 2      5 0

       4 2 9      7 5

   +  2 4 5      3 8 

   _____________

(vi)

          ₹          p

       8 5 1      4 5

       7 2 7      1 9

   +     8 5      2 0 

   _____________

(vii)

          ₹          p

       4 0 0      4 5

       2 0 2      6 5

   +  4 0 4      7 6 

   _____________

(viii)

          ₹          p

       2 2 5      2 0

          4 6      0 5

   +        4     8 5 

   _____________


Answer:

1. (i) ₹ 565.48

(ii) ₹ 795.17

(iii) ₹ 573.29

(iv) ₹ 1436.16

(v) ₹ 1387.63

(vi) ₹ 1663.97

(vii) ₹ 1007.86

(viii) ₹ 276.10


2. Add the following money using the second method:

(i) Add 26.45,110.75

(ii) Add 36.45,428.75

(iii) Add 117.50,205.10,₹175.70

(iv) Add 85.50,₹ 95.75,175.85


Answer:

2. (i) ₹ 137.20

(ii) ₹ 465.20

(iii) ₹ 498.30

(iv) ₹ 357.10


3. Subtract the following:

(i)

          ₹          p

         7 7      2 0

      -  4 4      8 5 

      ___________

(ii)

           ₹          p

        2 9 0      8 8

      -    8 9      0 5 

      ____________

(iii)

           ₹          p

        8 1 8      1 5

      -       8      8 5 

      ____________

(iv)

           ₹          p

        8 8 6      0 5

      - 7 2 4      3 5 

      ____________

(v)

           ₹          p

        7 4 8      0 0

      - 5 1 8      0 5 

      ____________

(vi)

           ₹          p

        6 8 8      7 0

      - 2 6 1      2 5 

      ____________

(vii)

          ₹          p

         6 4      3 5

      -     9      2 4 

      ___________

(viii)

           ₹          p

        4 3 8      2 0

      - 2 1 5      4 5 

      ____________

Answer:

3. (i) ₹ 32.35

(ii) ₹ 201.83

(iii) ₹ 809.30

(iv) ₹ 161.70

(v) ₹ 229.95

(vi) ₹ 427.45

(vii) ₹ 55.11

(viii) ₹ 222.75


4. Subtract the following money using the second method:

(i) Subtract ₹ 46.65 from ₹ 120.00

(ii) Subtract ₹ 374.20 from ₹ 500.05

(iii) Subtract ₹ 52.83 from ₹ 100.00

(iv) Subtract ₹ 183.75 from ₹ 220.65


Answer:

4. (i) ₹ 73.35

(ii) ₹ 125.85

(iii) ₹ 47.17

(iv) ₹ 36.90



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