Consumer Math

Front

What is consumer math?

Back

Consumer math is a branch of mathematics that deals with practical financial skills, such as budgeting, saving, investing, and understanding prices.

Front

How do you calculate the total cost of multiple items?

Back

To calculate the total cost, multiply the price of one item by the number of items purchased.

Front

If an item is on sale, how do you find the sale price?

Back

To find the sale price, subtract the discount from the original price.

Front

What is a budget?

Back

A budget is a plan that outlines expected income and expenses over a specific period.

Front

How do you find the difference between two amounts?

Back

To find the difference, subtract the smaller amount from the larger amount.

Front

What is a unit price?

Back

The unit price is the cost per single unit of measure, which helps compare prices of different quantities.

Front

How do you determine which deal is better?

Back

To determine the better deal, compare the unit prices of the items.

Front

What is a checking account?

Back

A checking account is a bank account that allows for deposits and withdrawals, typically used for daily expenses.

Front

What is a savings account?

Back

A savings account is a bank account that earns interest on the deposited funds, used for saving money.

Front

How do you calculate the cost per item?

Back

To calculate the cost per item, divide the total cost by the number of items.