What Do We Mean by Money and Price?

Money is a type of currency that is used to buy goods and services. Price is the amount of money that is needed to buy goods or services.

How to Ask About Money and Prices

To ask about money, questions like: 'how much is this/that' or 'how much are these/those…?' can be used. These questions can be answered using 'it’s/they’re….'. For example:

Example

How much is the book? It’s 10 dollars.

How much are these pens? They’re 50 dollars.

How to Read Prices

Different structures can be used to read the price of an item. These are the most common ways:

Example

$4.60 → four-sixty

You can just say the numbers.

$4.60 → four dollars sixty

You can say the number + dollars and the number after the decimal point.

$4.60 → four dollars and sixty cents

You can say the number + dollars + 'and' + decimal number + cents.

Tip!

When a price is an exact number, it can be read as the number + dollars/pounds/euros/etc..

Example

$200 → two hundred dollars

$80 → eighty dollars

Tip!

The dollar sign ($) goes before the number and there is no space between the dollar sign and the number.

Quiz:


1.

Which question is correct to ask about the price of multiple items?

A

What’s the size of this?

B

Is this available?

C

How much is this?

D

How much are these?

2.

How would you read the price $3.25?

A

Three and twenty-five dollars.

B

Three dollars and twenty-five cents.

C

Twenty-five dollars and three cents.

D

All of the above

3.

Sort the words to form a question and answer about price.

a:
b:
dollars
?
how
are
50
.
much
these
they’re
4.

Fill in the blanks to complete the story.

Tom was walking through the market when he saw a beautiful painting. He asked the artist, "How much

the painting?"

The artist smiled and said, "

75 dollars."

Tom thought about it for a moment and then asked, "How much

these sculptures?"

"

150 dollars," replied the artist.

Finally, Tom saw a rare coin with a price tag of $300.90 attached to it. Tom said, "Wow, that’s three hundred

and ninety

." He was impressed by the price and wondered if he could afford it.

5.

Fill in the table with the correct price or the correct way to read it.

the pricethe reading

one hundred fifty dollars

$200

seven dollars and fifty cents

ten dollars eighty-five

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