Making Change

Front

What is making change in a financial transaction?

Back

Making change refers to the process of returning the correct amount of money to a customer after a purchase, based on the amount they paid and the cost of the item.

Tags

CCSS.4.MD.A.2

Front

If you have $10 and buy an item for $4, how much change do you receive?

Back

$6

Tags

CCSS.4.MD.A.2

Front

What is the formula to calculate change?

Back

Change = Amount Paid - Cost of Item

Tags

CCSS.2.OA.A.1

Front

If a customer pays with a $20 bill for an item costing $15.75, how much change do they get back?

Back

$4.25

Tags

CCSS.5.NBT.B.7

Front

What is the importance of making change accurately?

Back

Accurate change ensures customer satisfaction, maintains trust, and prevents financial discrepancies.

Tags

CCSS.4.MD.A.2

Front

If you buy a drink for $2.50 and pay with a $5 bill, how much change do you receive?

Back

$2.50

Tags

CCSS.4.MD.A.2

Front

What do you do if you do not have enough change to give back?

Back

You can ask the customer if they have a smaller bill or provide an alternative solution, such as rounding the price.

Tags

CCSS.4.MD.A.2

Front

If an item costs $3.75 and you pay with a $10 bill, how much change will you receive?

Back

$6.25

Tags

CCSS.4.MD.A.2

Front

What is the significance of understanding how to make change?

Back

Understanding how to make change is essential for financial literacy, budgeting, and everyday transactions.

Tags

CCSS.7.EE.B.3

Front

If you have $5 and buy a snack for $1.50, how much change do you get?

Back

$3.50

Tags

CCSS.4.MD.A.2