If you pay $5 for an item that costs $2.75, what is your correct change?

Study for the 6th Grade Financial Literacy Test. Explore interactive quizzes and multiple-choice questions with insightful explanations. Prepare effectively today!

Multiple Choice

If you pay $5 for an item that costs $2.75, what is your correct change?

Explanation:
Change is the amount left over after you subtract the cost from what you pay. So, you pay $5.00 and the item costs $2.75. Do the subtraction: $5.00 − $2.75 = $2.25. That means you get $2.25 in change, which is 2 dollars and 25 cents. The other options would result from using a different subtraction or mixing up the cents, but the correct difference is $2.25.

Change is the amount left over after you subtract the cost from what you pay. So, you pay $5.00 and the item costs $2.75. Do the subtraction: $5.00 − $2.75 = $2.25. That means you get $2.25 in change, which is 2 dollars and 25 cents. The other options would result from using a different subtraction or mixing up the cents, but the correct difference is $2.25.

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