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Real World Shopping Project

Name: ________________________________________
Beg Dev App Ext
Decimals
• Can add and subtract decimal numbers in the form of money (M)
• Can add and subtract decimal numbers with multiple steps (FM)
• Can multiply and divide decimal numbers (M, FM)
• Can make connections to money use in real circumstances (Ex)
Percent
• Can calculate simple percent - one step questions (M)
• Can calculate percent – multi-step questions (FM)
• Can calculate percent with multiple values and steps (Ex)
• Can make connections with percent in real circumstances (Ex)
Integers
• Can calculate simple calculations with positive and negative
values with relation to money (M)
• Can complete multiple step calculations of positive and negative
values (FM)
• Can make connections with positive and negative values in
relation to money and simple banking concepts (Ex)
Graphing
• Can create a simple bar and line graph with all elements (M)
• Can create a bar and line graph with multiple values (FM)
• Can make connections to graphing and information display (Ex)
• Can explain considerations in graph creation (Ex)

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Real World Shopping Project
Skills to be practiced:

• Addition Percent •
• Subtraction Integers •
• Multiplication Graphs/Charts •
• Division o Bar
• Fractions o Line
• Decimals o Circle
• Problem Solving
Integers are the set of whole numbers and their opposites. Whole numbers greater than zero
are called positive integers. Whole numbers less than zero are called negative integers. The
integer zero is neither positive nor negative, and has no sign.

There are multiple activities in this project that will involve various math skills. As you work through
each activity, you may need to seek assistance with concepts. Please use all available resources
including: friends, internet, and teachers.

Beg Dev App Ext


Is able to calculate percentage
Is able to create a bar, line and circle graph
Is able to interpret graphs for information
Is able to calculate positive and negative numbers (integers) for finances
Is able to create problems and provide solutions for math questions related
to percent and integers

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Graphing
Line, Bar, and Circle Graphs
How to Create Graphs

Simple video to introduce parts of a graph

Pre-Activity 1:

List the Parts of a Graph:

1. ____________________________________________________________

2. ____________________________________________________________

3. ____________________________________________________________

4. ____________________________________________________________

5. ____________________________________________________________

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Pre-Activity 2:

Create a tally sheet like the example.

• Use 5 different items

• Create your tally numbers up to 20

14
• Fill in your final tally

Title: __________________________________
Pre-Activity 3:

Fill in the graph with the


Label: ___________________

information
• The first one is
done for you
12
• Fill in the rest
• Don’t forget the
increments

Apples
Label: ___________________

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Pre-Answer 3: Answer
Title: _____Favourite Fruits_______

15
Label: _# of fruits_____

12

Apples Mango Pine Straw Water


apple berry melon
Label: __Fruits_____

Pre-Activity 4:

Create your own vertical bar graph. Use the data you created in activity 2

Use the previous examples to guide you through the process.

Neatness and organization matter.

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Reading and Interpreting Graphs
Graphs are used to display data (information) in a way that is easy to read, see, and understand.
Although graphs can be very complex, most are simple. We are going go look at a Dual Axis graph that
show the horsepower and mileage (MPG – miles per gallon).

Answer the following questions using the graph above:

1. Which vehicle type has the greatest horsepower? _________________________________


2. Which vehicle type has the best MPG? __________________________________________
3. Which vehicle type has the worst horsepower? ___________________________________
4. Which vehicle type has the worst MPG? _________________________________________
5. Which vehicle type would be the best to use on a farm? ____________________________
6. Why? ____________________________________________________________________
_________________________________________________________________________
7. Which vehicle type would be best on a road trip to Florida? _________________________
8. Why? _____________________________________________________________________
__________________________________________________________________________

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Examples of Types of Graphs
Data
Monthly vs Weekly Expenses
Monthly Income Weekly
Rent $900.00 $225.00 $1,000.00
Bills $400.00 $100.00 $800.00
Fun $100.00 $25.00 $600.00
Savings $240.00 $60.00 $400.00
Food $760.00 $190.00
$200.00
$0.00
Rent Bills Fun Savings Food

Income Weekly

Income

Double Bar Graph


Circle Graph
Horizontal Bar Graph

Rent Bills Fun Savings Food

Monthly vs Weekly Expenses

Weekly

Income

$0.00 $200.00 $400.00 $600.00 $800.00 $1,000.00

Food Savings Fun Bills Rent

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Activity 1 – Dinner for Four
You will be preparing a meal for your family. You must shop for the ingredients. You are on a budget, so
you must figure out how much you can afford to spend.

You are a parent who gets paid weekly. Your paycheque needs to be spent wisely. Let’s figure out how
much you have to spend on food this week.

You have a weekly income of $600.

a. What is your monthly income? _____________________

Workspace a.

b. Your rent is $900/month. Let’s figure that one out. What % of your paycheque do you have to
save to pay rent? _________________
c. How much money is that/week? __________________

Workspace b. c.

d. What does that leave you for the week?_____________________________


e. Ok. All you bills (not including food) cost $400/month. How much per week must you put away
to cover those bills? ______________________________
f. You have spent $1300 of your monthly income of $2400. That leaves $1100 for food, savings
and fun. You will want to have at least $100 for fun, and you should save 10% of your income.
How much money will you save per month? _______________________

Workspace d. e. f.

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g. So, now you have $_______________________ left for food.

Workspace g.

h. Ok. How much per week can you spend on food? _______________________

Workspace h.

i. Now, how much per day can you spend on food? _________________________

Workspace i.

j. Fine. Now you have to prepare a meal for your family. Using the SuperStore flyer, you will need
to prepare dinner for about $15. You need a meat, vegetables, a starch and dessert. Tonight you
are going to have chicken, salad, and pasta with sauce. And for dessert, let’s see.
Let’s price that out.
• 1 lb Chicken _____________________
• Club sized salad __________________
• Uncle Ben’s Rice _________________
• Broccoli ________________________
• What can we buy for dessert? ____________________________________
• Dessert ________________________
• Sub Total for all food: ____________________
• Oh oh! Tax. Don’t forget to add 7% tax to all food. How much is the tax?

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Workspace j.

• How much is the tax? ________________


• What is the Grand Total? ______________________
• Do we have to make any choices about dinner? (As per Q.i, we have about $31.00 for
the day)

Workspace j. continued

k. We are now going to make a bar graph about our expenditures. Using the grid paper, let’s graph
our expenses. *See Example Graphs
• Horizontal Axis = Expense Item (ie. Rent, food, etc)
• Vertical Axis = Money (in $)
• Title = Monthly Expenses
• Questions:
i. How do we format this?
ii. What are the increments for either axis?
iii. How wide are the bars?
iv. Anything else?

First, let's do a rough draft (you may need other paper to do this).

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l. Alright, you have $27.14/day to feed your family. You just spent $_________ on dinner. You
need to go back into the SuperStore flyer and buy food for lunch and breakfast. Assume a loaf of
bread lasts for 3 days, a bottle of mayo or peanut butter lasts a month. If you can’t find
something in the flyer, do some research and find products you need, their prices and speculate
how long they will last with 4 people in the house.

Workspace

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Activity 2 – Debt and Credit
Ok, you are a family of four. You have your mortgage/rent, bills and expenses, including a car
payment. Cars are very expensive, and we often use credit to pay for them. This is common, and a
good way to build your credit rating*. Let’s explore the idea of credit.

cred·it rat·ing
noun
a. an estimate of the ability of a person or organization to fulfill their financial commitments,
based on previous dealings.
- the process of assessing this.

* Watch Khan Academy video, ‘Interest Basics’

A. You bought a car that you could afford, with a payment you can afford. A reasonable car for a
family of four might cost about $25, 000.00. If you were to pay that over a period of 5 years,
what would your payments be on the principal (amount owing without including taxes or
interest)? _________________________

Workspace

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B. Great, the payment on the principal is ____________________ (from a.)
C. In order for the financing company to make money, they need to charge you interest.

in·ter·est
ˈint(ə)rəst/
noun
money paid regularly at a particular rate for the use of money lent, or for delaying the
repayment of a debt.
"the monthly rate of interest"
synonyms: dividends, profits, returns;
a percentage
"her savings earned interest"

D. We will make this simple. They are going to charge you 2.9% on the car loan per year. So, over 5
years what is the interest we will pay on the car at the end of the loan? ___________
E. So, what is the total you will pay for the car at the end of the loan? ______________

Workspace D & E

F. Now, how much is your monthly payment for 5 years? _________________________

Workspace

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Create a vertical bar graph and a circle graph for the following data with a yearly income of $28,800.

• Bills = $400/mth
• Savings = $240/mth
• Car payment = $_______/mth (from question E.)
• Food = $190/mth
• Fun = $100/mth

Calculations

Yearly Income: Savings:


Percent of Yearly Income: __100%_____ Percent of Yearly Income: ______________

Car Payment: Food:


Percent of Yearly Income: ______________ Percent of Yearly Income: ______________

Fun: Bills:
Percent of Yearly Income: ______________ Percent of Yearly Income: ______________

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Activity 3 – Balancing your Check Book
Alright, we have a monthly income of $2400. An expenditure of $2400/month. What do we do when
life hits?

A. In this activity you will balance your check book for a fictitious week. Find the Account Balance
at the end of this week.

Bank Statement Income Debt Total


MacDonny’s Restraunt $600.00 $600.00
Withdrawal $15
Debit $167.72 - StuperStore
Debit $68.27 – Shan Cellular
Debit $4.26 – StarCups Coffee
Debit $17.49 – YumYum Sushi
Debit $2.36 – StarCups Coffee
Debit $12.68 – PoppaDon’s Pizza
Debit $13.74 – CindiPlex Cinemas
Deposit to Savings $60 – Savings Account
Debit $62.78 - Hydro
Debit $44.67 – NvrFul Gas Station
Debit $52.66 – Cheetum Insurance Co.
Account Balance

B. How are we doing on our budget? Are we on track to keep a balanced budget with our
projected plan of savings and bills? If not, why not? What is our problem, and how can we solve
it?
Answer in full sentences. If you need more room, attach a page.
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________

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C. Create a line graph using this data.
• Horizontal Axis = each entry into check book
• Vertical Axis = $
• We need to figure out our increments for the Vertical Axis. Will we have to go to the
penny, or round to the dollar?
• Draw a rough sketch of your graph, including a title and labels with your idea BEFORE
you do your good copy.

Workspace for rough copy of graph

Do good copy on graph paper. Attach to project.

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D. Let’s now create a graph with a negative possibility.

Here is an example of a graph with a negative


possibility. Notice the 0 is not at the bottom. It
can be placed where needed based on the
increments and values required for the graph.

For example, our graph will to up to $2,700,


and down to $200. So we need to place the 0 in
the appropriate place. Let’s get started.

For this graph we will project your spending to


four weeks. We will use these values:

Calculate the total, then create a LINE GRAPH for the values.

January February March April


Income + $2600 Income + $2450 Income + $2550 Income + $2800
Food - $825 Food - $840 Food - $765 Food - $815
Fun - $165 Fun - $120 Fun - $145 Fun - $75
Bills - $410 Bills - $410 Bills - $410 Bills - $410
Rent - $900 Rent - $900 Rent - $900 Rent - $900
Car Repair - $125 New Coat - $80 Weekend Away - $140 Car Repair - $65
Savings - $240 Savings - $240 Savings - $240 Savings - $240

Total - Total - Total - Total -

Let’s figure out what to put on each axis:

Horizontal Axis - _______________________________________

Vertical Axis - _________________________________________

Rough Copy of Graph

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Workspace for rough copy of graph

Do good graph on graph paper (next page)

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