Making Change

Front

What is the formula to calculate change after a purchase?

Back

Change = Amount Given - Cost of Item

Front

If you have $10.00 and buy a lunch combo for $5.50, how much change do you get back?

Back

$4.50

Front

If you have $10.00 and buy popcorn for $8.25, how much change do you get back?

Back

$1.75

Front

If you have $5.00 and buy a Pepsi for $2.50, how much change do you get back?

Back

$2.50

Front

If you have $10.00 and buy a sandwich for $7.50, how much change do you get back?

Back

$2.50

Front

If you have $20.00 and buy a shirt for $15.50, how much change do you get back?

Back

$4.50

Front

What does 'making change' mean in a financial context?

Back

Making change refers to the process of returning the difference between the amount paid and the cost of an item.

Front

What is the importance of knowing how to make change?

Back

Knowing how to make change is essential for managing money, budgeting, and ensuring accurate transactions.

Front

What is a common mistake when calculating change?

Back

A common mistake is forgetting to subtract the cost of the item from the amount given.

Front

How can you check if you received the correct change?

Back

You can check by adding the change received to the cost of the item; it should equal the amount given.