Consumer Math

Front

What is Consumer Math?

Back

Consumer Math is the study of practical applications of mathematics in everyday life, focusing on financial literacy, budgeting, and making informed purchasing decisions.

Front

How do you calculate a percentage discount?

Back

To calculate a percentage discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

Front

If a baseball glove costs $40 and is on sale for 30% off, how much do you save?

Back

You save $12. The sale price is $28.

Front

What is a unit price?

Back

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

Front

How do you find the unit price of a product?

Back

To find the unit price, divide the total price by the number of units.

Front

If a 5-pack of envelopes costs $0.45, what is the unit price?

Back

The unit price is $0.09 per envelope.

Front

What is the better deal: 5 hotdogs for $1.85 or 9 hotdogs for $3.69?

Back

The better deal is 5 hotdogs for $1.85, which is $0.37 per hotdog.

Front

How do you determine if you have enough money to make a purchase?

Back

Compare the total cost of the items to the amount of money you have. If your money is greater than or equal to the total cost, you can make the purchase.

Front

If Cora has $76 and wants to buy a leaf blower for $50 and a red clay pot for $20, does she have enough money?

Back

Yes, the total cost is $70, which is less than $76.

Front

What is the formula for calculating total cost including tax?

Back

Total Cost = Item Price + (Item Price x Tax Rate).