Podcast
Questions and Answers
What is the formula to determine the amount of change owed to a customer?
What is the formula to determine the amount of change owed to a customer?
Subtract the total cost from the amount paid.
What is the recommended order to count out the change?
What is the recommended order to count out the change?
Start with the largest denomination of bills and coins, working down to the smallest.
Why is it important to count the change back to the customer?
Why is it important to count the change back to the customer?
To verify the change with the customer to ensure accuracy.
What is a useful tool to help organize bills and coins when making change?
What is a useful tool to help organize bills and coins when making change?
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What is a good practice to build confidence and speed when making change?
What is a good practice to build confidence and speed when making change?
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What is a good tip for making change efficiently?
What is a good tip for making change efficiently?
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Study Notes
Making Change
Understanding Change
- Change is the amount of money returned when the customer pays more than the total cost of the item(s).
- Change is calculated by subtracting the total cost from the amount paid.
Steps to Make Change
- Determine the amount of change owed: Subtract the total cost from the amount paid.
- Count out the change: Start with the largest denomination of bills and coins, working down to the smallest.
- Count the change back to the customer: Verify the change with the customer to ensure accuracy.
Example of Making Change
- Total cost: $15.50
- Amount paid: $20.00
- Change owed: $20.00 - $15.50 = $4.50
- Counting out the change: 4 dollars (bill) and 50 cents (coin)
Tips for Making Change
- Always count the change back to the customer to ensure accuracy.
- Use a cash handling tray or mat to organize bills and coins.
- Keep plenty of small bills and coins on hand to make change efficiently.
- Practice making change with different scenarios to build confidence and speed.
Making Change
Understanding Change
- Change is the amount of money returned when the customer pays more than the total cost of the item(s).
- Change is calculated by subtracting the total cost from the amount paid.
Steps to Make Change
- Determine the amount of change owed by subtracting the total cost from the amount paid.
- Count out the change starting with the largest denomination of bills and coins, working down to the smallest.
- Count the change back to the customer to verify accuracy.
Example of Making Change
- Total cost: $15.50, Amount paid: $20.00, Change owed: $4.50 ($20.00 - $15.50).
- Counting out the change: 4 dollars (bill) and 50 cents (coin).
Tips for Making Change
- Always count the change back to the customer to ensure accuracy.
- Use a cash handling tray or mat to organize bills and coins.
- Keep plenty of small bills and coins on hand to make change efficiently.
- Practice making change with different scenarios to build confidence and speed.
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Description
Learn how to calculate and make change by subtracting the total cost from the amount paid, and counting out the correct bills and coins.
