Lesson 3: Making Change

Front

What is the concept of making change in a transaction?

Back

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

Front

If a drink costs $0.85 and you pay with $1, how do you calculate the change?

Back

Subtract the cost of the drink from the amount paid: $1.00 - $0.85 = $0.15.

Front

What is the change when you buy an ice cream for $1.30 with $2?

Back

$2.00 - $1.30 = $0.70.

Front

How do you find the change when the cost of a snack is $1.15 and you have $2?

Back

$2.00 - $1.15 = $0.85.

Front

What is the change Phil receives if he buys a baseball for $2.25 with $3?

Back

$3.00 - $2.25 = $0.75.

Front

Calculate the change Tom gets after buying a football for $3.60 with $4.

Back

$4.00 - $3.60 = $0.40.

Front

Define 'transaction' in the context of making change.

Back

A transaction is an exchange where goods or services are bought and paid for.

Front

What is the importance of understanding how to make change?

Back

Understanding how to make change is essential for managing money and ensuring accurate transactions.

Front

What is the formula to calculate change?

Back

Change = Amount Paid - Cost of Item.

Front

If you have $5 and buy a book for $3.50, how much change do you get?

Back

$5.00 - $3.50 = $1.50.