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Third/Counting Money

Making Change

Practice calculating change in real shopping scenarios. Students learn to subtract item costs from payment amounts to find the correct change.
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Prerequisites
Adding Bills and Coins to Solve Problems6 WS
You have a $10 bill, 1 quarter, and 2 nickels. How much money do you have?

Practice Questions

  1. You buy a pencil for 75¢. You pay with $1. How much change do you get?
    Show answer

    25¢

  2. You buy a book for $2.50. You pay with $5. How much change do you get?
    Show answer

    $2.50

  3. You buy a snack for $1.25. You pay with $2. How much change do you get?
    Show answer

    75¢

  4. You buy a sticker for 45¢. You pay with $1. How much change do you get?
    Show answer

    55¢

  5. You buy a marker for $1.75. You pay with $5. How much change do you get?
    Show answer

    $3.25

Quick Tip
Subtract the item cost from the amount you paid. Remember: Change = Amount Paid - Item Cost.
Teacher Resources
Teaching Notes

Emphasize practical application of subtraction in real-world contexts. Use physical or digital manipulatives (coins/bills) to model transactions.

Vocabulary
Change: Money returned after overpayment.
Subtract: Take away from.
Purchase: The act of buying.
Common Mistakes
  • Forgetting to regroup or 'borrow' correctly when subtracting amounts with cents.
  • Miscounting when using the 'counting up' method.
  • Confusing dollar and cent values, especially with zeros (e.g., $5.00 - $3.75).
Differentiation
SupportUse counting up strategy or real coins/bills.
ChallengeCalculate change for multiple items or larger payments.
Discussion Questions
  • Why is it important to know how to calculate change accurately?
  • What strategies can help you quickly determine the correct change?
  • How do stores ensure they give customers the right change?
  • What should you do if you receive incorrect change?
Extension Activities
  • Role-play a cashier.
  • Calculate change for purchases.
  • Use coins to make change.
Parent Tip

When shopping, ask your child to calculate the change you should receive.

Learning Path
Skill Cluster

Financial Literacy

Estimated Time

15 minutes

Skills Practiced
Making changeSubtraction with money