Calculating Money and Estimation Quiz

What is the first step when solving a word problem involving money?

• Subtract all numbers

• Add all numbers together

• Highlight important words

• Ignore the decimals

How much did Martin spend on lunch if he received $4.92 in change from $20?

• $15.08

• $15.92

• $14.92

• $16.08

How much did Grandpa spend on pies if the chocolate pie was $8.50, the lemon pie was $6, and the coconut pie was $7.05?

• $20.55

• $22.55

• $23.55

• $21.55

What is the estimated total cost if Kathy rounds the price of crayons to $1, pencils to $3, and erasers to $1?

• $5

• $7

• $4

• $6

If Kathy estimates the cost of crayons to be $2 instead of $1, what type of estimate is this?

• Incorrect estimate

• Overestimate

• Exact estimate

• Underestimate