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The extended generalized G′G–expansion is well defined and an efficient technique, which is used to obtain the exact traveling wave solutions to the governing nonlinear equations with constant coefficients as well as variable coefficients. In this paper, the modified Korteweg–de Vries (mKdV) equation and Burgers equation with variable coefficients are investigated through the extended generalized G′G–expansion method, which are exceptional cases of the nonlinear evolution equations widely used in a two-layer fluid system, in fluid-filled elastic tubes, in an atmospheric and oceanic dynamical system, traffic flow, turbulence in fluid dynamics, dusty plasma, ion-acoustic waves in a plasma system. New families of exact closed-form solutions are obtained in hyperbolic, trigonometric, and rational function solutions with the available free constants. With the help of computerized symbolic computation work, the newly formed closed-form solutions are validated by back substituting them into the equations using the computational mathematical software. Furthermore, the graphical representations of all these obtained solutions are discussed and demonstrated by giving the suitable best values of arbitrary functions and constants via three-dimensional surface and density plots. The dynamics of the solution profiles demonstrate the annihilation of 3D kink-type soliton waves, shock waves, double solitons, and multi-soliton wave structures.