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11+ Maths Guide · Year 5–6 · Free lesson

Money Calculations

Money is decimals with a £ sign: totals are column addition, change is subtraction (or counting up), and sharing a bill is division. This lesson pulls the skills together on real shopping problems.

ME16Money Calculations
Pounds, pence and getting the right change.
Money calculations are decimal calculations with a £ sign — plus real-world rounding.
Three items, one £10 note.
£2.75 + £3.20 + £1.60 = £7.55
£10.00 − £7.55 = £2.45 change
100p = £1 — convert, then use column methods with the points lined up.
1

Learn the 3-Step Method

1Everything in the same form.

Work all in pounds (2 d.p.) or all in pence: 85p = £0.85.

85p = £0.85

2Column add or subtract.

Line up the decimal points exactly as in the Decimals lessons.

£7.55

3Answer the actual question.

Total? Change? Cost each? Re-read, then answer with £ or p.

£2.45
💡 Key IdeaChange-counting shortcut: count up from the cost to the payment — £7.55 → £8 (45p) → £10 (£2) = £2.45.
2

Worked Example

Four friends share a £26 pizza bill equally. How much does each pay?

Divide
26 ÷ 4 = 6.5
Money form
6.5 means 6 pounds 50
£6.50
✓ Check
4 × £6.50 = £26 ✓
3

Watch Out! Common Mistakes

Mixing pounds and pence.
£2 + 50p = £52 ✕

Wrong! Convert first: £2.00 + £0.50 = £2.50.

Writing £6.5.
£6.5 ✕

Money takes two decimal places: £6.50. (£6.5 gets misread as £6.05 or 65p.)

Change from the wrong amount.
change = £7.55 − £10 = −£2.45 ✕

Order! Change = payment − cost: £10.00 − £7.55 = £2.45.

📄 Free printable: Download the Money Calculations cheat sheet (PDF) — keep it by your child's desk.

Quick summary

Frequently asked questions

How do you work out change?

Subtract the total cost from what was paid: £10.00 − £7.55 = £2.45. Or count up like a till worker: 45p takes you to £8.00, then £2.00 more reaches £10.00 — £2.45 in total.

Why must money have two decimal places?

The second decimal is the pence digit: £6.50 is six pounds fifty. Writing £6.5 invites misreading and loses exam marks.

How do you split a bill equally?

Divide the total by the number of people and write the answer as money: £26 ÷ 4 = £6.50 each.

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