Consumer Math Quiz

What is the first step in creating a budget?

• Start tracking your spending

• Set financial goals

• Determine your income and expenses

• Decide how much money you want to save

If an item is originally priced at $50 and is on sale for 20% off, what is the sale price?

• $40

• $30

• $45

• $10

Tags

CCSS.6.RP.A.3C

If you earn $15 per hour and work for 8 hours, how much will you earn?

• $120

• $80

• $100

• $150

Tags

CCSS.3.OA.A.3

What is the best way to manage your money effectively?

• Invest all your money in get-rich-quick schemes

• Spend all your money as soon as you get it

• Take out as many loans as possible

• Create a budget, track expenses, save for emergencies and future goals, avoid debt, and invest for the long-term.

If you spend $20 on groceries, $30 on transportation, and $50 on entertainment, how much did you spend in total?

• $50

• $100

• $80

• $10

Tags

CCSS.2.OA.A.1

What percentage of your income should you aim to save?

• 30%

• 10%

• 50%

• 20%

Tags

CCSS.6.RP.A.3C

If an item is originally priced at $80 and is on sale for 30% off, what is the sale price?

• $56

• $70

• $24

• $50

Tags

CCSS.6.RP.A.3C

If you work for 5 hours and earn $10 per hour, how much will you earn?

• $25

• $15

• $5

• $50

Tags

CCSS.3.OA.A.3

What is the purpose of tracking personal spending?

• To understand financial habits and create a budget.

• To monitor and control expenses.

• To analyze spending patterns and make informed financial decisions.

• To track income and savings.

If you earn $20 per hour and work for 10 hours, how much will you earn?

• $200

• $100

• $50

• $300

Tags

CCSS.3.OA.A.3