5.9 Money: Word Problems

Front

What is the formula to calculate the total cost of multiple items?

Back

Total Cost = (Price per Item) x (Quantity) for each item, then sum all total costs.

Front

How do you calculate change received after a purchase?

Back

Change = Amount Paid - Total Cost of Items.

Front

What is the significance of unit price in shopping?

Back

Unit price helps compare the cost of items based on a standard measurement, making it easier to determine the best value.

Front

How do you determine if one item costs more than another?

Back

Compare the total costs of each item; the one with the higher total cost is more expensive.

Front

What is the process for calculating the cost of a multi-pack of items?

Back

Cost of multi-pack = (Cost of one item) x (Number of items in the pack) + Additional costs if applicable.

Front

How do you calculate the total expenditure over a period (e.g., weekly, yearly)?

Back

Total Expenditure = (Cost per week) x (Number of weeks in the period).

Front

What is the importance of understanding percentages in pricing?

Back

Percentages help in calculating discounts, markups, and understanding price changes.

Front

How do you find the difference in cost between two items?

Back

Difference = Cost of Item A - Cost of Item B; if Item A is more expensive, the result is positive.

Front

What is the method to calculate the cost of items sold by weight?

Back

Cost = (Price per pound) x (Weight in pounds).

Front

How do you calculate the total cost when buying items with different prices?

Back

Add the total costs of each item together: Total Cost = Cost of Item 1 + Cost of Item 2 + ...