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Ch 17: WEST Middle Grades Math: Money & Consumer Math

About This Chapter

Watch these short, engaging video lessons to review money and consumer math problems. Doing so can help you to prepare for the WEST Middle Grades Math test.

WEST Middle Grades Math: Money & Consumer Math - Chapter Summary

The video lessons in this chapter reinforce your knowledge of key terms related to the solving of real world money and consumer math problems. The lessons cover the following information to help you ready yourself for the WEST Middle Grades Math test:

  • Understanding the value of coins, making change and locating missing coins
  • Addition and subtraction of monetary amounts
  • How to multiply and divide money by whole numbers and decimals
  • Calculation of sales commissions
  • Steps to solving interest problems
  • Understanding how to compound interest and calculate shipping and handling fees
  • Calculating total and unit costs as well as taxes, discounts and tips
  • Defining price mark ups

These videos, each less than 10 minutes long, offer a fun and effective way to study for the test. You may watch the video lessons as many times as you'd like. If you want to re-watch only a few main points, use video tags to jump to that section of the lesson. Take lessons quizzes to see how well you absorbed the materials presented by the instructors.

WEST Middle Grades Math: Money & Consumer Math Chapter Objectives

The state of Washington offers the WEST Middle Grades Math test to candidates seeking an endorsement to teach middle grades mathematics. The test consists of approximately 150 multiple-choice questions and is provided in a computer-based format. The chapter exam offered with our chapter on money and consumer math provides you an opportunity to answer multiple-choice questions about this subject, therefore, preparing you to correctly answer these types of questions on the test.

14 Lessons in Chapter 17: WEST Middle Grades Math: Money & Consumer Math
Test your knowledge with a 30-question chapter practice test
Coins: Number Value & Letter Name

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.

How to Find the Missing Coin

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.

Adding & Subtracting Money Amounts

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.

Multiplying Money by Whole Numbers & Decimals

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.

Dividing Money Amounts

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.

Making Change from a Purchase

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.

How to Calculate Sales Commissions

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.

How to Mark Up a Price

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.

Taxes & Discounts: Calculations & Examples

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.

How to Solve Interest Problems: Steps & Examples

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.

Compounding Interest Formulas: Calculations & Examples

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.

How to Calculate Shipping & Handling

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.

How to Calculate a Tip

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.

Item Unit Price & Total Cost: Calculations & Examples

14. Item Unit Price & Total Cost: Calculations & Examples

Two of the most important figures for a business are the unit price and the total cost. In this lesson, we learn how to calculate both as well as the relationship between the two figures.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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Other Chapters

Other chapters within the WEST Middle Grades Mathematics (203): Practice & Study Guide course

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