Money Matters: 6th Grade Quiz

Sarah is planning a birthday party and has a budget of $50. She spends $20 on decorations, $15 on snacks, and $10 on drinks. How much money does she have left for games?

• $5

• $10

• $15

• $20

Answer explanation

Sarah's total spending is $20 (decorations) + $15 (snacks) + $10 (drinks) = $45. Subtracting this from her $50 budget leaves her with $50 - $45 = $5 for games. Thus, the correct answer is $5.

Tom wants to buy a toy car that costs $30. He saves $5 each week. How many weeks will it take for Tom to save enough money to buy the toy car?

• 4 weeks

• 5 weeks

• 6 weeks

• 7 weeks

Answer explanation

Tom saves $5 each week. To buy the toy car costing $30, he needs to save for 6 weeks (30 ÷ 5 = 6). Therefore, it will take him 6 weeks to save enough money.

A store is offering a 20% discount on a jacket that originally costs $50. What is the sale price of the jacket?

• $30

• $35

• $40

• $45

Answer explanation

To find the sale price, calculate 20% of $50, which is $10. Subtract this discount from the original price: $50 - $10 = $40. Therefore, the sale price of the jacket is $40.

If you buy an item for $7.50 and pay with a $10 bill, how much change should you receive?

• $1.50

• $2.00

• $2.50

• $3.00

Answer explanation

To find the change, subtract the item cost from the amount paid: $10.00 - $7.50 = $2.50. Therefore, the correct change you should receive is $2.50.

A toy store sells a puzzle for $12 and a board game for $15. How much more does the board game cost than the puzzle?

• $2

• $3

• $4

• $5

Answer explanation

The board game costs $15 and the puzzle costs $12. To find how much more the board game costs, subtract the price of the puzzle from the price of the board game: $15 - $12 = $3. Thus, the board game costs $3 more.

If you deposit $100 in a savings account with an annual interest rate of 5%, how much interest will you earn in one year?

• $2

• $3

• $4

• $5

Answer explanation

To calculate the interest earned in one year, use the formula: Interest = Principal x Rate. Here, Interest = $100 x 0.05 = $5. Therefore, the correct answer is $5.

Emily is comparing prices for a book. Store A sells it for $18, Store B for $20, and Store C for $15. Which store offers the best price?

• Store A

• Store B

• Store C

• All stores have the same price

Answer explanation

Store C offers the best price at $15, which is lower than Store A's $18 and Store B's $20. Therefore, Store C is the correct choice for the best price.

A video game is on sale for 25% off its original price of $40. What is the discount amount?

• $8

• $10

• $12

• $15

Answer explanation

To find the discount amount, calculate 25% of $40. This is done by multiplying $40 by 0.25, which equals $10. Therefore, the discount amount is $10.

If you buy a book for $9.75 and pay with a $20 bill, how much change should you receive?

• $9.25

• $10.25

• $10.75

• $11.25

Answer explanation

To find the change, subtract the book price from the amount paid: $20.00 - $9.75 = $10.25. Therefore, the correct change you should receive is $10.25.

A toy costs $25 at Store X and $30 at Store Y. How much cheaper is the toy at Store X compared to Store Y?

• $3

• $4

• $5

• $6

Answer explanation

The toy at Store X costs $25, while at Store Y it costs $30. To find how much cheaper it is at Store X, subtract the two prices: $30 - $25 = $5. Therefore, the toy is $5 cheaper at Store X.