Method of Payment
You are shopping online for a new pair of shoes. Which payment method is generally the safest for online shopping because it offers fraud protection?
What is a Credit Card?
You buy a slice of pizza for $3.50 and a juice box for $1.15. How much is your total before tax?
$4.65
True or False: In Ontario, the price on the sticker is usually the final price you pay at the checkout.
False—tax is added at the end.
You get $20 for your birthday and $10 for raking leaves. What is your total "Income"?
$30.00
Store A sells 4 donuts for $4.00. Store B sells 6 donuts for $9.00. Which store has the cheaper "price per donut"?
Store A—$1.00 each
You are at a local farmer’s market and the vendor’s Wi-Fi is down. Which payment method could you use?
What is Cash
At the book fair, you buy three posters for $4.00 each. You pay with a $20 bill. What is your change?
$8.00
You see a toy for $10.00. How much tax will be added at the register?
$1.30
You are planning a class party. You have $50.00. Pizza costs $30.00 and drinks cost $15.00. How much is left in the budget for decorations?
$5.00
A 3-pack of socks costs $6.00. A 10-pack of the same socks costs $15.00. Which is the better deal?
They are the same—$2.00 per pair
Your older brother used his credit card to buy a $500 TV but only pays back $20 a month. Why will the TV end up costing him $700 in the long run?
What is interest.
You have a $20 bill. You buy a movie ticket for $13.50. How much change do you receive?
$6.50
A new basketball is $49.99. Calculate the total cost including 13% HST.
$56.49
You want to save 25% of your $100.00 lawn-mowing money. How much money should you put in your piggy bank?
$25
A small bag of popcorn is 100g for $2.50. A large bag is 500g for $10.00. Which is a better deal and how do you know?
They are the same—$2.00 per pair
You tap your phone to pay for a bubble tea. The money comes out of your bank account 2 seconds later. Which method is linked to your phone's digital wallet in this case?
What is debit
A cashier gives you back a $5 bill, two loonies, and a quarter in change. If your total was $12.75, how much money did you hand the cashier?
$20.00
You buy a video game for $60.00. How much is the tax?
$7.80
You want a $120 LEGO set. If you save $10 of your allowance every week, how many weeks will it take to afford the LEGO (Hint: Don't forget about tax)?
14 weeks.
You need 12 juice boxes. Brand X sells a 6-pack for $3.50. Brand Y sells a 12-pack for $8.00. Which brand should you choose to save money? Explain.
Brand X—two 6-packs cost $7.00
Explain why a "Gift Card" is different from a "Debit Card.
A gift card can only be used at one store/brand; a debit card uses your bank funds anywhere
You find $2.40 in your pocket. You want to buy a snack that costs $4.15. Exactly how much more money do you need to find?
$1.75
You have $23.00. You want to buy a book that is priced at $20.49 on the shelf. Do you have enough money once the 13% tax is added? If yes how much change should you get back. If no, how much more money do you need?
No. The total after tax is $23.15. I need $0.15 more.
Your parents sent you to the corner store with $10 to buy milk and a bag of chips. The milk costs $5.65 and the bag of chips costs $4.99 (before tax). What will the total be after tax? Do you have enough money? If yes, how much change will you get back. If no, which item should you buy and what will be your change?
The total after tax is $12.02. I should buy the milk, as that is a need and chips are a want, and bring home $3.62 because the milk after tax will cost $6.38
A 1kg tub of yogurt is $6.00. A pack of 4 individual yogurts (125g each, total 500g) is $4.00. Which is the better deal per gram? Explain.
The 1kg tub—it’s $3.00 per 500g vs. $4.00