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

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•
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 a customer pays with a $1 bill, how do you calculate the change?
Back
Subtract the cost of the drink from the amount paid: $1.00 - $0.85 = $0.15. The change is $0.15.
3.
FLASHCARD QUESTION
Front
What is the formula to calculate change?
Back
Change = Amount Paid - Cost of Item.
4.
FLASHCARD QUESTION
Front
If a snack costs $1.15 and a customer pays with a $2 bill, what is the change?
Back
$2.00 - $1.15 = $0.85. The change is $0.85.
5.
FLASHCARD QUESTION
Front
How do you handle transactions when the amount paid is less than the cost of the item?
Back
If the amount paid is less than the cost, the customer needs to provide additional money to cover the cost.
6.
FLASHCARD QUESTION
Front
What is the change when an item costs $1.30 and the customer pays with a $2 bill?
Back
$2.00 - $1.30 = $0.70. The change is $0.70.
7.
FLASHCARD QUESTION
Front
If a football costs $3.60 and a customer pays with a $4 bill, how much change will they receive?
Back
$4.00 - $3.60 = $0.40. The change is $0.40.
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