In these problems we are using the four operations (addition, subtraction, multiplication and division) in the context of money questions.

We need to work out which operation to use for each question.

**Example 1:You buy 7 bananas for 23p each. Work out the total cost. **

Here we have a multiplication question.

Each banana costs 23p and we have 7 bananas.

We need to work out 7 × 23

We can use long multiplication.

We start with 7 × 3

7 × 3 = 21

The one goes in the ones column and the 2 is carried over to the tens.

Next is 7 × 2

7 × 2 = 14

We add on the 2 we carried over

14 + 2 = 16

The 6 goes in the tens and the 1 is carried over to the hundreds

The total cost is 161p

We can convert pence to pounds and pence by dividing by 100

161p = £1.61

**Example 2:You buy 8 oranges for 29p each. You pay with a £10 note. Work out how much change you should get. **

Each orange costs 29p and we have 8 oranges.

We need to work out 8 × 29

We start with 8 × 9

8 × 9 = 72

The 2 goes in the ones column and the 7 is carried over to the tens.

Next is 8 × 2

8 × 2 = 16

We add on the 7 we carried over

16 + 7 = 23

The 3 goes in the tens and the 2 is carried over to the hundreds

The total cost is 232p

To find the change we need to take 232p away from £10

£10 = 1000p

The change will be 1000 - 232

We start with the column on the right, the ones.

We do not want to take 2 away from 0 so we need to take a ten and move it to the ones

We do not have any tens or hundreds

We can take one thousand and move it to the hundreds, the take one hundred and move it to the tens, then take a ten and move it to the ones.

1000 = 900 + 90 + 10

We can now subtract each column, starting with the ones

10 - 2 = 8

In the tens we have 9 - 3

9 - 3 = 6

In the hundreds we have 9 - 2

9 - 2 = 7

We can convert pence to pounds and pence by dividing by 100

768p = £7.68

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**Example 3:You buy: 2 burgers for 1.49p each. 3 portions of chips for £1.15 each5 drinks for £1.28 eachWork out the total cost. **

We need to work out the cost of the burgers, the cost of the chips and the cost of the drinks. We can then add them all together.

For the burgers we have 2 × 149 (I will do the working out in pence and convert back to pounds at the end).

We start with the ones.

2 × 9 = 18

The 8 goes in the ones and we carry the 1 over to the tens.

Next is the tens.

2 × 4 = 8

We add on the 1 we carried over

8 + 1 = 9

The final column is the hundreds.

2 × 1 = 2

2 × 149 = 298

For the chips we have 3 × 115

The first column is the ones.

3 × 5 = 15

The 5 goes in the ones and we carry the 1 over to the tens.

The next column is the tens.

3 × 1 = 3

We add the 1 we carried over

3 + 1 = 4

The last column is the hundreds.

3 × 1 = 3

3 × 115 = 345

For the drinks we have 5 × 128

The first column is the ones.

5 × 8 = 40

The 0 goes in the ones and we carry the 4 over to the tens.

The next column is the tens.

5 × 2 = 10

We add the 4 we carried over

10 + 4 = 14

The 4 goes in the tens and we carry the 1 over to the hundreds.

The next column is the hundreds.

5 × 1 = 5

We add the 1 we carried over

5 + 1 = 6

5 × 128 = 640

We can now add together the cost of the burgers, chips and drinks to find the total cost.

We need to work out 298 + 345 + 640.

We can use column addition

The first column is the ones.

8 + 5 + 0 = 13

The 3 goes in the ones and we carry the 1 over to the tens.

The next column is the tens.

9 + 4 + 4 + 1 = 18

The 8 goes in the tens and we carry the 1 over to the hundreds.

The next column is the hundreds.

2 + 3 + 6 + 1 = 12

The 2 goes in the hundreds and the 1 goes in the thousands.

298 + 345 + 640 = 1283

1283 ÷ 100 = 12.83

The total cost is £12.83

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**Example 4:You buy a car for £9000You pay a deposit of £3200 and the rest in 25 monthly installments.Work out the amount of each installment.**

The first step in this question is to subtract the deposit of £3200 from the price to see how much is left to pay.

We need to work out 9000 - 3200

We start with the ones.

0 - 0 = 0

In the tens we also have 0 - 0 = 0

In the hundreds we have 0 - 2

We need to take one thousand and move it to the hundreds.

9000 is the same as 8000 + 1000

We now have 10 - 2 in the hundreds

10 - 2 = 8

In the thousands we have 8 - 3

8 - 3 = 5

9000 - 3200 = 5800

We have 5800 left to pay.

We need to divide 5800 by 25 to work out the monthly payment.

5800 ÷ 25

We can use short division. We can write the 25 times table down the side to make the division easier.

We start with the biggest column, the thousands. 25 does not go into 5 so we carry the 5 over to the hundreds where it is worth 50.

Next is the hundreds. 25 goes into 58 twice.

25 × 2 = 50

58 - 50 = 8

We carry the 8 over to the tens (where it is worth 80).

Next is the tens. 25 goes into 80 three times.

25 × 3 = 75

80 - 75 = 5

We have 5 left over to carry over to the ones.

In the ones we have 50

25 × 2 = 50

5800 ÷ 25 = 232

The monthly installments are £232

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