Mind Your Own Business
Sarah sells lemonade. She gets money every time someone buys a cup. This money is called what?
What is revenue?
What is the name of this coin? (Picture of Toonie)
What is a Toonie?
You buy a snack that costs $3. You pay with a $5 bill.
How much change should you get back?
What is $2?
A pack of 5 granola bars costs $10. What is the price for each bar?
What is $2 per bar
By paying for this, you make sure that if something breaks or someone gets sick/hurt, that you can pay at least some of the cost to fix it.
What is insurance?
Leo makes slime and sells it for $5. It costs him $2 to make each one. He keeps the rest. What is that leftover money called?
What is profit?
How much money is in the bag? (Shows assortment of coins to count)
What is "the value of the coins in cents or dollars"?
You buy a toy for $7 and a book for $5. How much do you spend in total?
Answer: What is $12?
You have $10. You want to buy a book for $6 and a snack for $3.
Will you have enough money left to buy a $2 toy?
What is No?
You see an ad that says, “Win a free phone — just enter your credit card number!” What should you do?
A) Enter your info quickly before the deal ends
B) Share it with your friends
C) Avoid it — it’s probably a scam
What is C - Avoid it?
True/False: Profit = Revenue + Costs
False
You earn $500 a month. You budget 30% for food. How much is that?
What is $150?
You bought three items:
Markers: $4
Notebook: $6
Tax: $1
The receipt says “Subtotal: $10” and “Total: $11”.
What does the subtotal mean?
What is the cost before tax?
When you buy a pizza, it’s something you can touch and eat. When someone cuts your hair, that’s something they do for you.
What is the word for something someone does for money?
What is a service?
A deductible is the amount you pay before insurance helps.
If your deductible is $200 and your repair costs $600, how much does the insurance company pay?
What is $400?
Emma opens a cookie shop. She pays $500 rent every month (no matter what), and $1 for each cookie she bakes.
What kind of cost is rent, and what kind is the $1 per cookie?
What is fixed cost (rent) and variable cost (per cookie)?
The Candian Dollar is in the world's top 3 reserve currencies (in 2024). TRUE or FALSE?
What is FALSE? Canada was the 5th most held reserve currency.
You buy a game for $20. Sales tax is $1.60.
You pay with a $50 bill.
How much change should you get?
What is $28.40?
At the farmer’s market, the person selling apples is the producer. The person buying them is the what?
What is a consumer?
Someone in a game chat says they’ll give you free items if you send them money first. What’s the safest choice?
A) Send a little money just to test
B) Say no and report them
C) Ask for more free items first
What is B - Say no and report them?
You sell notebooks. If you charge $3, you sell 50. If you charge $5, you sell 30.
How much more money (revenue) do you make by charging $5 instead of $3?
What is "the same amount either way"/ $0
You’re buying a backpack online that costs $100 CAD.
The current exchange rate is 1 CAD = 0.74 USD
Your credit card charges a 2.5% foreign transaction fee (based on the USD amount).
How much will you pay in total in USD?
What is $75.85?
A receipt shows:
Headphones: $40
Phone Case: $15
Tax: 10%
Coupon: $10 off total purchase
How much is the final total?
What is $50.50?
Deal A: 8 batteries for $6.40
Deal B: 10 batteries for $8.50
Which is the better buy?
What is deal A?
You file a claim after losing your phone. Your deductible is $100 and the phone costs $800. Your policy covers 90% of the value.
How much will the insurance company pay?