Question

1. fill in each blank with one of these words to complete the story.

budget

change

discount

sale price

tip

a) betty has \\$10 to spend on dinner. this amount is called her _______

b) a basket of cheese fries is regularly \\$5.99. tonight, each basket is \\(\frac{1}{2}\\) off.
so, betty estimates that the _______ is \\$3 per basket.

c) betty rounds the regular price of 1 basket to \\$6. then, she estimates
the _______ is \\$6 - \\$3.

d) betty had very good service in the restaurant. so, she is going to leave a
20\\% _______ instead of 15\\%.

e) betty gave her server \\$10 and is waiting for her _______

Explanation:

🆕 New Concept Discovered: Financial Literacy Vocabulary
Understanding terms related to spending, discounts, and transactions.

Step 1: Analyze part (a)

Betty has a set limit of \( \$10 \) to spend on her dinner. A plan or limit on how much money you can spend is called a budget.

Step 2: Analyze part (b)

The regular price is \( \$5.99 \). Tonight, there is a fraction off (it looks like \( \frac{1}{2} \) off), making the new price \( \$3 \) per basket. The reduced price you pay for an item on sale is called the sale price.

Step 3: Analyze part (c)

Betty subtracts the new price from the regular price: \( \$6 - \$3 \). The amount of money saved or taken off the regular price is called the discount.

Step 4: Analyze part (d)

Betty wants to reward her server for good service by giving an extra percentage of the bill (\( 20\% \) instead of \( 15\% \)). An extra amount of money given to a server for their service is called a tip.

Step 5: Analyze part (e)

Betty paid with a \( \$10 \) bill, which is more than the total cost of her meal. The money returned to a customer when they pay with more money than the actual cost is called change.

Answer:

a) budget
b) sale price
c) discount
d) tip
e) change