Subtraction of Money

1. Martin had $4.95 at first. He bought a packet of gummies for $2.00. How much money had he left?

subtraction of dollars and cents subtraction dollars and cents
Step 1: Subtract the dollars.
$4  −  $2  =  $2

Step 2: Add the cents to the answer in Step 1.
$2  +  95¢  =  $2.95

He had $2.95 left.

2. A T-shirt costs $12.55. A bandana costs $5.15 less. How much does the bandana cost?

subtraction of dollars and cents subtraction dollars and cents
Step 1: Subtract the cents.
55¢  −  15¢  =  40¢

Step 2: Subtract the dollars.
$12  −  $5  =  $7

Step 3: Add 40¢ to $7.
$7  +  40¢  =  $7.40

The bandana costs $7.40.

3. $8.35  −  $3.75  =  ?

subtraction of dollars and cents
Step 1: Regroup $8.35.
$8.35  =  $7  +  135¢

Step 2: Subtract the cents.
money subtraction with regrouping
Step 3: Subtract the dollars.
money subtraction
So,   $8.35  −  $3.75  =  $4.60