Operation: Keep Your Cash (aka: making change)
Do you know what “Change” is? Change is the cash you get back when you pay more than the cost of an item. To figure out how much change you get back, you simply have to do a little subtraction. Don’t worry, it’s pretty easy.
Here’s an example: The toy you want costs 70¢, so you give the cashier 75¢ (three quarters).
You should get 5¢ back in change. 75¢-70¢=5¢
Whenever you buy something, you should always be sure you receive the correct change. After all, when it comes to your money, every penny counts! With just a little practice, you’ll be making the correct change in no time.
M3 Cadet Training Exercise:
See if you can make the correct change for each purchase. Write your answers on a piece of paper and compare them with the correct answers below.
- If a pencil costs 20¢, and you give the cashier 25¢, how much change should you receive?
- If an eraser costs 30¢, and you give the cashier 50¢, how much change should you receive?
- If a notebook costs 88¢, and you give the cashier $1.00, how much change should you receive?
Bonus (this one is a little harder): If a backpack costs $10.35, and you give the cashier a $20 bill, how much change should you receive?
Answers: Pencil = 5¢, Eraser = 20¢, Notebook = 12¢. Backpack = $9.65
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