Consumer Math

Front

What is consumer math?

Back

Consumer math is a branch of mathematics that deals with practical financial skills, including budgeting, saving, investing, and understanding consumer products and services.

Front

How do you calculate the difference between two amounts?

Back

To find the difference between two amounts, subtract the smaller amount from the larger amount.

Front

If you have $61 in checking and $19 in savings, how much more do you have in checking?

Back

$42

Front

What is the formula to find the unit price of an item?

Back

Unit Price = Total Price / Number of Units.

Front

If 7 bags of chocolate covered peanuts cost $3.43, how do you find the cost of each bag?

Back

Divide the total cost by the number of bags: $3.43 / 7 = $0.49.

Front

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

Back

5 hotdogs for $1.85 is the better deal.

Front

How do you calculate the total cost of multiple items?

Back

Multiply the cost of one item by the number of items purchased.

Front

If a funnel costs $0.38, how much do 6 funnels cost?

Back

$0.38 x 6 = $2.28.

Front

What is the unit price of a 3-pack of straw hats that costs $19.59?

Back

$19.59 / 3 = $6.53.

Front

What does it mean to compare unit prices?

Back

Comparing unit prices helps determine which product offers the best value for money.