Money
How much money do you have if you have 2 quarters and 3 pennies?
$0.53
Which of the following terms indicates that are we going to pay LESS than the original cost?
a) Sales Tax
b) Discount
b) Discount
Name any example of a unit.
Ounce, pound, liter, ect.
What does it mean to "tip" someone?
Money given by a customer to a certain worker for the service they have provided. A way to say "thank you".
Which of the following could be a need for someone, but a want for someone else?
a. train ticket
b. clothing
c. trip to disneyworld
a. train ticket - some people might NEED this to get to work, but someone else might just WANT to go take the train into the city to see a broadway show!
Which of the following will total to $1.16?
a) 3 quarters and 2 nickels?
b) 4 quarters, 1 dime, 1 nickel, and 1 penny
c) 4 quarters, 1 dime, and 2 nickels
b) 4 quarters, 1 dime, 1 nickel, and 1 penny
What are the 4 steps to calculating Sales Tax?
1. Convert
2. Multiply
3. Round
4. Add
True or False
We use unit price to compare items of different sizes or brands.
True
Which of the following is considered a normal amount to tip someone?
a) 10% - 15%
b)15% - 20%
c)25% - 30%
b) 15% - 20%
Nancy budgets $250 for groceries per month. Last month, she spent $325. Did she spend more or less on groceries? By how much?
Nancy spent MORE on groceries by $75
You want to buy a pencil case for $3.25. You have 2 one dollar bills, 4 quarters, and 2 dimes. Can you afford this?
No
True or False
You can only receive discounts in person at the store.
False.
A lot of online stores offer discounts as well!
What is the formula for unit price?
price divided by amount
What are the 4 steps to calculating tip? (Be specific and be mindful of subtotal/total)
1. Convert the decimal to a percent
2. Multiply the SUBTOTAL with the decimal
3. Round
4. Add to the TOTAL
What is the difference between net income and gross income?
Gross income - before taxes
Net income - after taxes
$9.70
Which of the following is NOT an example of a discount?
a) Coupon
b) Sale
c) Tax
c) Tax
What is the unit price for a 5 lb bag of dog food that costs $9.50?
$1.90 per pound
If you and your friends go out to dinner together and decide to split the bill evenly, what operation would you use to figure this out?
Division
Explain the difference between fixed costs, variable costs, and annual costs. (Other members from your group can help you answer)
Fixed - prices stay the same every month
Variable - prices can change every month
Annual - only occurs once a year
Tammy’s allowance is $5.00. She did extra chores around the house and earned an extra $1.75. She goes to the store with her older sister and buys an ice cream for $2.25. On her way home she finds $1.00. How much money does Tammy have? (Take out your calculator, do one step at a time!)
$5.50
*Calculator alert*
A baseball glove costs $44.50 at Sam's Sports Palace. What would the total price of the glove be with a sales tax of 8.6%?
$48.33
Which offer is better? (Calculate each unit price)
Offer 1 - $1.92 for 12oz
Offer 2 - $3.52 for 32oz
Offer 2
*Calculator alert*
At a restaurant, your bill comes to $124.00. You decide to tip 15%. How much tip will you be leaving? (You can stop after step 2)$18.60
The Byrnes monthly expenses came to $1,250 in April, $1,325.50 in May, and $1.275.25 in June. What was their average monthly expenditure?
$1,283.58