Answer: 45¢
Work Shown:
Amount given: $1.00 = 100¢
Cost of item: 55¢
Calculation: 100¢ - 55¢ = 45¢
Answer: 45¢ in change
Amount given: $1.00 = 100¢
Cost of item: 55¢
Calculation: 100¢ - 55¢ = 45¢
Answer: You should get back 45¢ in change.
Change: The money returned when you pay more than the cost of an item
Change = Amount Paid - Cost of Item
Answer: 90¢
Work Shown:
Cost of juice box: 80¢
Cost of cookie: 30¢
Total cost: 80¢ + 30¢ = 110¢ = $1.10
Amount given: $2.00
Calculation: $2.00 - $1.10 = $0.90 = 90¢
Answer: 90¢ in change
Cost of juice box: 80¢
Cost of cookie: 30¢
Total cost: 80¢ + 30¢ = 110¢ = $1.10
Amount given: $2.00
Calculation: $2.00 - $1.10 = $0.90 = 90¢
Answer: You should get back 90¢ in change.
Total Cost: The sum of all individual item prices
• Add up all item costs to find total
• Then subtract total from amount given
Answer: Multiple possible answers
Sample Solutions:
Way 1: 2 quarters, 2 dimes, 0 nickels (50¢ + 20¢ = 70¢)
Way 2: 1 quarter, 4 dimes, 1 nickel (25¢ + 40¢ + 5¢ = 70¢)
Way 3: 0 quarters, 7 dimes, 0 nickels (70¢)
Bonus: Way 1 uses fewest coins (4 total)
Way 1: 2 quarters, 2 dimes, 0 nickels (50¢ + 20¢ = 70¢)
Way 2: 1 quarter, 4 dimes, 1 nickel (25¢ + 40¢ + 5¢ = 70¢)
Way 3: 0 quarters, 7 dimes, 0 nickels (70¢)
Bonus: Way 1 uses the fewest coins (4 coins)
Coin Combinations: Different sets of coins that add up to the same amount
Same amount can be made with different coin combinations
Answer: Yes, she has enough money. She will get 50¢ in change.
Work Shown:
Sarah's money: $3.15
Cost of book: $2.65
Is it enough? Yes, because $3.15 > $2.65
Calculation: $3.15 - $2.65 = $0.50 = 50¢
Answer: 50¢ in change
Sarah's money: $3.15
Cost of book: $2.65
Is it enough? Yes, because $3.15 > $2.65
Calculation: $3.15 - $2.65 = $0.50 = 50¢
Answer: Yes, she has enough money. She will get 50¢ in change.
Comparison: Compare total money with cost to determine if purchase is possible
If Total Money ≥ Cost, then purchase is possible
Answer: No, he does not have enough money. He needs 3¢ more.
Work Shown:
Quarters value: 5 × 25¢ = 125¢ = $1.25
Dimes value: 4 × 10¢ = 40¢
Pennies value: 7 × 1¢ = 7¢
Total money: $1.25 + 40¢ + 7¢ = $1.72
Cost of toy: $1.75
Answer: Needs $1.75 - $1.72 = 3¢ more
Quarters value: 5 × 25¢ = 125¢ = $1.25
Dimes value: 4 × 10¢ = 40¢
Pennies value: 7 × 1¢ = 7¢
Total money: $1.25 + 40¢ + 7¢ = $1.72
Cost of toy: $1.75
Answer: No, he does not have enough money. He needs $1.75 - $1.72 = 3¢ more.
Currency Conversion: Calculate total value of different coin types
Calculate value of each coin type separately, then add together
Answer: 3 dollar bills + 1 dime + 1 nickel (5 total coins/bills)
Work Shown:
Calculation: $10.00 - $6.85 = $3.15
Most efficient way: 3 dollar bills + 1 dime + 1 nickel
= $3.00 + 10¢ + 5¢ = $3.15
Answer: 5 total coins/bills
Calculation: $10.00 - $6.85 = $3.15
Most efficient way: 3 dollar bills + 1 dime + 1 nickel = $3.00 + 10¢ + 5¢ = $3.15
Answer: The most efficient way is 3 dollar bills + 1 dime + 1 nickel (5 total coins/bills).
Efficiency: Using the fewest coins/bills possible to make change
Always start with the largest denomination first
Answer: Scenario B gives more change. It gives 60¢ more than Scenario A.
Work Shown:
Scenario A: $1.00 - 95¢ = 5¢
Scenario B: $3.00 - $2.35 = 65¢
Comparison: 65¢ - 5¢ = 60¢
Answer: Scenario B gives 60¢ more
Scenario A: $1.00 - 95¢ = 5¢
Scenario B: $3.00 - $2.35 = 65¢
Comparison: 65¢ - 5¢ = 60¢
Answer: Scenario B gives more change. It gives 60¢ more than Scenario A.
Comparison: Calculating and comparing different change amounts
Calculate each scenario separately, then compare the results