Money & Finance · Lesson 3 of 14
Multiplying Prices and Sharing Bills
Multiply the price of one item by how many you buy. To share a bill equally, divide the total by the number of people.
- Primary
- Updated
What you will learn
- Multiply a price by a quantity.
- Share a bill equally.
- Check answers with estimates.
Before you start: you should know your times tables and how to work with decimals. See Adding Prices and Finding Change.
The idea
When you buy several items at the same price, multiply. When a group shares a cost, divide. These two ideas are inverses, so each checks the other.
Sharing a bill
A restaurant bill of £36 shared between friends is , so each pays £9. Check: .
When it does not divide exactly
If the share has more than two decimal places, round to the nearest penny. rounds to £3.33. Three shares of £3.33 make £9.99, so someone pays a penny extra.
Worked examples
Example 1: Several items
notebooks at £2.50 each.
- .
- .
Answer: £10
Example 2: Sharing
£45.60 shared between people.
- .
- .
Answer: £15.20 each
Example 3: Rounding
£10 shared between people.
- Round to the nearest penny: £3.33.
Answer: £3.33 each, with a penny left over
Tip: check division with multiplication: share times people should equal the bill.
Why it matters
Shops, restaurants and trips all use multiplying and sharing. Next, budgeting plans money over a month.
Practice
Your turn. Type or choose an answer, then press Check. Getting one wrong is fine, that is what practice is for. You can try as many times as you like.