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**Change** is the **amount of money you receive back** when you make a purchase.

To find out how much change you should receive, subtract the price of the purchase from the amount of money you gave.

Remember, that **when you subtract money,** you have to **line up the decimals**. If there is no decimal, it is understood to be at the end of the number.

Let's take a look at some examples:

**Annie bought a pack of pencils for $1.32. She handed two dollars to the cashier. How much change will she receive?**

We must simply **subtract $1.32 from two dollars.** But, don't forget to line up the decimals.

Remember that **two dollars can be written as $2.00.**

**Now simply subtract:**

**Answer: $0.68 or 68¢**

Yes, it is reasonable that **you would receive 68¢ back as change.** (If we had put $68 as our answer, we would realize it doesn't make sense to receive $68 back, when you only gave the cashier $2).

**Annie bought a pack of pencils for $1.32. She handed two dollars to the cashier. How much change will she receive?**

We must start by finding out how much change she will receive.

**Line up the decimals and subtract:**

But the question asks us what **bills/coins** she will receive. The **$1** of course would be a dollar bill.

**But what about the 65 cents? **

Cashiers typically give back the fewest coins possible. So, the cashier would give **two quarters (50 cents), a dime (10 cents), and a nickel (5 cents).**

**Answer: 1 dollar, 2 quarters, 1 dime, 1 nickel**

**Camden is selling candy bars for $1.25 each to raise money for a school fundraiser. If you buy one and pay him with a $5 bill, what bills/coins should he give you back as change?**

First, you must subtract to find the amount of change. **Remember to line up the decimals.**

$5 doesn't appear to have a decimal, so it is at the end, and we can also fill in the zeros after the decimal: **$5.00**

What bills/coins would this be?

Of course, **$3 is 3 dollar bills.**

And **75 cents is 3 quarters** (25 cents each).

**Answer: 3 dollar bills, 3 quarters**

Summary

**Change**is the**amount of money you receive back**when you make a purchase.- To make change,
**subtract**the**price of the purchase**from the**amount of money given.** - Remember, that
**when you subtract money,**you have to**line up the decimals**. If there is no decimal, it is understood to be at the end of the number.

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