Comparing/needs/ wants
True or false:
A want is something you can’t live without.
False! That’s a need.
A want is something you can save or buy later.
How much is sales tax?
5%, 7%, or 10%?
7% = 0.07 in decimal form
What should you leave for a waiter or waitress after a meal at a restaurant?
A Tip!
True or False:
A short term goal can be a goal set to complete in days.
True!
Short term goal are set to be finished within a few days.
Name one way to give $5 dollars.
Five $1 bills
One $5 bill
If you already have a pair of nice shoes but want to buy another pair, is that a need or want?
A want...because you already have a nice pair of shoes.
A shirt costs $15 and a pair of shoes costs $15. How much do they costs together (before tax)?
$30 dollars
True or False: You can leave a tip in cash or write it on the receipt.
True
A medium goal should be set to save for weeks or a year?
Usually set to save up for a week/weeks
Name 2 ways $20 can be given.
Two $10 dollar bills
One $10 + Two $5
Four $5 dollar bills
At store One a broom costs $14.83. At store Two the same broom costs $22.45. Which store is the better buy?
Store One because it’s cheaper and the same broom.
At the movies a large drink costs $4.25 and a bag of candy costs $3.50. If you only have $6 dollars can you buy both items?
No, it costs $8.29 including tax. You can buy only one item.
True or False: A recommended tip is 15%, 18%, or 20%
True
What is a long term goal?
Days, weeks, or month(s)?
A month or months.
Long term goals can be set up to a year.
True or False:
A customer should give a $20 dollar bill and a $5 dollar bill for an item that costs $24.75
True! $20 + $5 = $25.
Or they could give exact change.
You only have a red shirt and need a blue shirt to wear to work. Is buying the blue shirt a need or want?
Need; You would need to buy a blue shirt for work.
Item costs $15 customer gives $20 how much change do they get back?
$5 dollars
True or false:
A recommended tip can ALWAYS be found on a receipt.
False!
It can sometimes be found near the bottom of a receipt.
If you wanted to save to buy a hat that costs $15.
Would that be considered a short or long term goal?
Typically short. It could take days/ a week to save up for it.
Name 3 ways to give one dollar only using coins.
Four quarters
Ten dimes
2 quarters + 5 dimes
At store One a jacket costs $32.24. At store Two the same jacket costs $18.95. Which store is the better buy?
Store Two because it’s cheaper and the same brand jacket.
A total costs for groceries is $70.82. The customer pays with a $50, $20, and 3 quarters and a dime.
Do they have enough?
Yes
$50 + $20 + .25 + .25 + .25 + .10 = $70.85
If a meal costs $17 dollars + an 18% tip, what would the total meal costs?
$20.06
If Mario wanted to buy a new car, he should set a short, medium or long term goal to buy the car?
Long term Goal.
It could take more than 6 months to buy the new car.
True or False:
A customer should give a $20 dollar bill, a $10 dollar bill, and a quarter for an item that costs $45.63
False! $20 + $10 + .25 = $30.25