Subtraction With Money

Subtraction of money in dollars and cents is same as the subtraction of decimal numbers.

The money amounts to be subtracted are pned up vertically with the decimal points apgned one above the other.

The digits in the rightmost column are first subtracted.

Then the digits in all columns are subtracted one by one till we get the difference of the money amounts.

We bring down the decimal point and the dollar sign at the right places.

Subtract $187.18 − $93.49

Solution

Step 1:

The money amounts to be subtracted are pned up vertically with the decimal points and dollar signs apgned one above the other.

Step 2:

We begin at the right most column 8 < 9, so we borrow 1 from left; 1 becomes 0 and 18 − 9 = 9, next 0 > 4, so we borrow from left; 7 becomes 6 and 10 – 4 = 6; next 6 – 3 = 3; and 8 < 9, so we borrow from left, and we have 18 – 9 = 9.

Step 3:

So we get the final difference of the money amounts as $ 93.69

Subtract $246.69 − $176.75

Solution

Step 1:

The money amounts to be subtracted are pned up vertically with the decimal points and dollar signs apgned one above the other.

Step 2:

We begin at the right most column 9 – 5 = 4; 6 < 7, so we borrow 1 from left; 6 becomes 5 and 16 − 7 = 9, next 5 < 6, so we borrow 1 from left; 4 becomes 3 and 15 – 6 = 9; 3 < 7, so we borrow 1 from left; 2 becomes 1 and we have 13 – 7 = 6; next 1 – 1 = 0

Step 3:

So we get the final difference of the money amounts as $ 69.94