What is the concept of making change in a transaction?
Lesson 3: Making Change

Flashcard
•
Mathematics
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Making change refers to the process of returning the difference between the amount paid and the cost of an item to the customer.
2.
FLASHCARD QUESTION
Front
If a drink costs $0.85 and you pay with $1, how do you calculate the change?
Back
Subtract the cost of the drink from the amount paid: $1.00 - $0.85 = $0.15.
3.
FLASHCARD QUESTION
Front
What is the change when you buy an ice cream for $1.30 with $2?
Back
$2.00 - $1.30 = $0.70.
4.
FLASHCARD QUESTION
Front
How do you find the change when the cost of a snack is $1.15 and you have $2?
Back
$2.00 - $1.15 = $0.85.
5.
FLASHCARD QUESTION
Front
What is the change Phil receives if he buys a baseball for $2.25 with $3?
Back
$3.00 - $2.25 = $0.75.
6.
FLASHCARD QUESTION
Front
Calculate the change Tom gets after buying a football for $3.60 with $4.
Back
$4.00 - $3.60 = $0.40.
7.
FLASHCARD QUESTION
Front
Define 'transaction' in the context of making change.
Back
A transaction is an exchange where goods or services are bought and paid for.
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