# Ch 17: AEPA Middle Grades Math: Money & Consumer Math

### About This Chapter

## AEPA Middle Grades Math: Money & Consumer Math - Chapter Summary

Math is an integral part of everyday life: leaving a tip, figuring the sale price on those great new shoes or calculating the interest on the loan for your new car. As you prepare for the NES Middle Grades Mathematics exam, this chapter will help you review many of the consumer math concepts we use daily, including:

- Identifying coins and their values
- Addition, subtraction, multiplication and division of money amounts
- Making change
- Calculating markup, commissions, discounts, taxes, tips, and shipping/handling using percentages
- Solving simple and compound interest problems
- Unit and total cost calculations

Use these short, engaging video lessons taught by experienced instructors to prepare for this NES exam. The embedded video tags make for quick review of individual topics, and terminology is easy to find in the lesson transcript. If you have any questions, just ask one of our subject experts. Gauge your progress using the self-assessment quizzes at the end of each lesson.

### 1. Coins: Number Value & Letter Name

Learn about the coins that we use to purchase things in the United States, including the value of each type of coin, the name of each type of coin, and what each coin looks like.

### 2. How to Find the Missing Coin

Watch this video lesson to learn how you can solve missing coin problems. Learn what mathematical operations you should use to figure out what kind of coin you are missing.

### 3. Adding & Subtracting Money Amounts

Some people say money makes the world go around, but as this lesson demonstrates, money gets added and subtracted, just like anything else. Using the example of an allowance, we'll see how adding and subtracting money is really quite simple.

### 4. Multiplying Money by Whole Numbers & Decimals

Want to find out how much you and your friends can spend on a party if you all have the same amount of money? Or maybe you'd want to buy investments one day in hopes of being rich! In either event, you'll need to know how to multiply money.

### 5. Dividing Money Amounts

I'll be honest, dividing money is normally not as fun as multiplying money. After all, it's hard to let your hard-earned cash get reduced so quickly! However, this lesson shows how dividing money can help make sure you get the best deal on cookies and avoid getting ripped off.

### 6. Making Change from a Purchase

Watch this video lesson to learn the process of making change so you give your customers the least number of bills and coins as possible. See how you need to work your way from the largest bill or coin to the smallest.

### 7. How to Calculate Sales Commissions

In this lesson, we'll define sales commission. We'll also discuss three types of sales commission: percent of sales, stair step and fixed amount. You'll also learn when to utilize each type.

### 8. How to Mark Up a Price

Marking up prices to cover costs and earn a profit is a common business practice. This lesson explains the standard formula to mark up a price, and provides examples of markups.

### 9. Taxes & Discounts: Calculations & Examples

When you go shopping, you don't want to be surprised by the amount of tax on an item. You also want to fully understand discounts to know how much you can save. In this lesson, we'll practice calculating both tax and discounts.

### 10. How to Solve Interest Problems: Steps & Examples

If you want to know how your money can earn money, then it's essential to learn about solving interest problems. In this lesson, we'll practice calculating interest amounts and interest rates.

### 11. Compounding Interest Formulas: Calculations & Examples

Compound interest is a great way to have your money work for you. In this lesson, find out the formula for calculating compound interest and practice using the formula with several examples.

### 12. How to Calculate Shipping & Handling

Study the following lesson to learn how you can calculate your shipping and handling fee so you are not losing money when shipping your product to your customers. Afterwards test your new knowledge with a quiz.

### 13. How to Calculate a Tip

Tips are quantities of money that are often added onto to the original cost of a bill. Figuring out these items is as simple as setting up a ratio between the tip percentage and the bill amount. In this lesson learn how easy it is to calculate a tip.

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### Other Chapters

Other chapters within the AEPA Middle Grades Mathematics (NT203): Practice & Study Guide course

- AEPA Middle Grades Math: Basic Arithmetic Operations
- AEPA Middle Grades Math: Solving Word Problems
- AEPA Middle Grades Math: Properties of Numbers
- AEPA Middle Grades Math: Estimating & Rounding
- AEPA Middle Grades Math: Number Theory
- AEPA Middle Grades Math: Roots & Radical Expressions
- AEPA Middle Grades Math: Exponents & Exponential Expressions
- AEPA Middle Grades Math: Scientific Notation
- AEPA Middle Grades Math: Simplifying Expressions
- AEPA Middle Grades Math: Integers
- AEPA Middle Grades Math: Rational Numbers
- AEPA Middle Grades Math: Introduction to Fractions
- AEPA Middle Grades Math: Operations with Fractions
- AEPA Middle Grades Math: Introduction to Decimals
- AEPA Middle Grades Math: Operations with Decimals
- AEPA Middle Grades Math: Percents
- AEPA Middle Grades Math: Number Patterns & Sequences
- AEPA Middle Grades Math: Properties of Functions
- AEPA Middle Grades Math: Graphing Functions
- AEPA Middle Grades Math: Negative Numbers
- AEPA Middle Grades Math: Absolute Value
- AEPA Middle Grades Math: Inequalities
- AEPA Middle Grades Math: Factoring
- AEPA Middle Grades Math: Monomials & Polynomials
- AEPA Middle Grades Math: Writing Algebraic Expressions
- AEPA Middle Grades Math: Basic Algebraic Expressions
- AEPA Middle Grades Math: Algebraic Distribution
- AEPA Middle Grades Math: One-Step Equations
- AEPA Middle Grades Math: Two-Step Equations
- AEPA Middle Grades Math: Rational Expressions
- AEPA Middle Grades Math: The Coordinate Graph
- AEPA Middle Grades Math: Linear Equations
- AEPA Middle Grades Math: Systems of Linear Equations
- AEPA Middle Grades Math: Rates, Ratios & Proportions
- AEPA Middle Grades Math: Measurement
- AEPA Middle Grades Math: Perimeter & Area
- AEPA Middle Grades Math: Polyhedrons & Geometric Solids
- AEPA Middle Grades Math: Symmetry, Similarity & Congruence
- AEPA Middle Grades Math: Properties of Lines
- AEPA Middle Grades Math: Triangles
- AEPA Middle Grades Math: Triangle Theorems & Proofs
- AEPA Middle Grades Math: Similar Polygons
- AEPA Middle Grades Math: The Pythagorean Theorem
- AEPA Middle Grades Math: Quadrilaterals
- AEPA Middle Grades Math: Circles
- AEPA Middle Grades Math: Circular Arcs & Measurement
- AEPA Middle Grades Math: Transformations
- AEPA Middle Grades Math: Data & Graphs
- AEPA Middle Grades Math: Statistics
- AEPA Middle Grades Math: Data Collection
- AEPA Middle Grades Math: Samples & Populations
- AEPA Middle Grades Math: Probability
- AEPA Middle Grades Math: Sets
- AEPA Middle Grades Mathematics Flashcards