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 a customer pays with a $1 bill, how do you calculate the change?

Back

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

Front

What is the formula to calculate change?

Back

Change = Amount Paid - Cost of Item.

Front

If a snack costs $1.15 and a customer pays with a $2 bill, what is the change?

Back

$2.00 - $1.15 = $0.85. The change is $0.85.

Front

How do you handle transactions when the amount paid is less than the cost of the item?

Back

If the amount paid is less than the cost, the customer needs to provide additional money to cover the cost.

Front

What is the change when an item costs $1.30 and the customer pays with a $2 bill?

Back

$2.00 - $1.30 = $0.70. The change is $0.70.

Front

If a football costs $3.60 and a customer pays with a $4 bill, how much change will they receive?

Back

$4.00 - $3.60 = $0.40. The change is $0.40.

Front

What is the change when a baseball costs $2.25 and the customer pays with a $3 bill?

Back

$3.00 - $2.25 = $0.75. The change is $0.75.

Front

Why is it important to know how to make change?

Back

Knowing how to make change is essential for financial literacy, ensuring accurate transactions, and preventing errors in money handling.

Front

What should you do if you are unsure about the change to give?

Back

Double-check the calculations or use a calculator to ensure accuracy before giving change.