Student Workbook

Practice companion draft: the textbook’s Money Words, exercises and recap questions with space to show work. Separate answer keys follow each chapter.

Grades 7–12 · Also for adult learners · Based on the existing 28 chapters. Not a reviewed publisher edition.

Chapter

Chapter 1: Whole Numbers: How to Dissect and Solve Word Problems

Name: ________________________

Date: ________________________

1.1 Reading, Writing, and Rounding Whole Numbers

Money Words

Write a short meaning for each term in your own words.

business (business)
revenue (business)
cost (business)

Practice exercises

Write 7,045 in words.
Round 6,349 to the nearest hundred.
Round 82,501 to the nearest thousand.
What is the place value of the 5 in 352,108?
Write "two hundred thousand, nine" as a numeral.

Recap quiz

Round 1,950 to the nearest hundred.
- A. 1,900
- B. 2,000
- C. 1,950
- D. 2,100
Answer and reasoning: __________________________
Which digit is in the thousands place of 64,812?
- A. 6
- B. 4
- C. 8
- D. 1
Answer and reasoning: __________________________
"Ninety thousand, ninety" as a numeral is:
- A. 9,090
- B. 90,900
- C. 90,090
- D. 900,090
Answer and reasoning: __________________________

1.2 Adding and Subtracting Whole Numbers

Money Words

Write a short meaning for each term in your own words.

expense (business)
profit (business)
budget (business)

Practice exercises

4,508 + 2,976
10,000 − 3,587
A basketball team scored 87, 94, and 79 points in three games. What is the total?
An account had $2,350. You withdrew $875. What is the new balance?
Estimate 612 + 389 by rounding each to the nearest hundred, then find the exact sum.

Recap quiz

503 − 278 =
- A. 225
- B. 235
- C. 335
- D. 275
Answer and reasoning: __________________________
How do you check a subtraction answer?
- A. Subtract again
- B. Add the difference to the subtrahend
- C. Multiply the numbers
- D. Round both numbers
Answer and reasoning: __________________________
In 1,999 + 1 = 2,000, the number 2,000 is the:
- A. Addend
- B. Minuend
- C. Sum
- D. Difference
Answer and reasoning: __________________________

1.3 Multiplying, Dividing, and the Word-Problem Blueprint

Money Words

Write a short meaning for each term in your own words.

gross profit (business)
net profit (business)
balance (banking)

Practice exercises

125 × 48
7,236 ÷ 6
400 students ride buses that each hold 52. How many buses are needed?
Three concert tickets cost $45 each, plus one $20 parking pass. What is the total?
Write the blueprint (facts, solving for, steps, key points) and solve: $1,000 shared equally by 8 people.

Recap quiz

56 × 10 =
- A. 56
- B. 506
- C. 560
- D. 5,600
Answer and reasoning: __________________________
95 ÷ 4 =
- A. 23 R3
- B. 24 R1
- C. 23 R1
- D. 22 R7
Answer and reasoning: __________________________
The first step of the blueprint is:
- A. Calculate
- B. Identify the facts given
- C. Round the answer
- D. Guess and check
Answer and reasoning: __________________________

Chapter 1 Money Words vocabulary quiz

Match each meaning to the correct money word.

Which term means: “An organization that makes or sells goods or services to earn money.”
- A. business
- B. markup
- C. vendor
- D. asset
Answer: __________
Which term means: “The total money a business brings in from sales, before any costs are paid.”
- A. markdown
- B. revenue
- C. inventory
- D. liability
Answer: __________
Which term means: “The amount paid to make or buy an item before it is sold.”
- A. equity
- B. overhead
- C. cost
- D. commission
Answer: __________
Which term means: “Money a business spends to run, such as rent, supplies, or wages.”
- A. equity
- B. cost
- C. overhead
- D. expense
Answer: __________
Which term means: “What is left when expenses are subtracted from revenue.”
- A. profit
- B. selling price
- C. fixed cost
- D. balance sheet
Answer: __________
Which term means: “A plan that shows expected income and how it will be spent.”
- A. salary
- B. budget
- C. checking account
- D. outstanding check
Answer: __________
Which term means: “Revenue minus the direct cost of the items sold, before other expenses.”
- A. variable cost
- B. wholesale
- C. gross profit
- D. income statement
Answer: __________
Which term means: “The final profit after every cost is paid — sometimes called the bottom line.”
- A. cash flow
- B. retail
- C. break-even point
- D. net profit
Answer: __________
Which term means: “The amount of money in an account at a given moment.”
- A. balance
- B. mobile banking
- C. APR
- D. grace period
Answer: __________

Chapter 1 Organizer and Review

Chapter Organizer

Every section at a glance: key formulas, key terms, and the main idea.

1.1 Reading, Writing, and Rounding Whole Numbers
Key formulas
- Rounding rule: Digit to the right ≥ 5 → round up; ≤ 4 → keep
Key terms
Whole numbers, Place value, Period, Rounding
Remember
A digit's value depends on its place — each move left is 10 times greater.
1.2 Adding and Subtracting Whole Numbers
Key formulas
- Addition: Addend + Addend = Sum
- Subtraction: Minuend − Subtrahend = Difference
- Subtraction check: Difference + Subtrahend = Minuend
Key terms
Addends, Sum, Minuend, Subtrahend, Difference
Remember
Line up digits by place value before adding or subtracting.
1.3 Multiplying, Dividing, and the Word-Problem Blueprint
Key formulas
- Multiplication: Factor × Factor = Product
- Division check: Divisor × Quotient + Remainder = Dividend
Key terms
Factors, Product, Dividend, Divisor, Quotient, Remainder
Remember
Estimate first, then compute, then compare — the estimate catches wild errors.

Cumulative Review

Mixed practice from this chapter and the two chapters before it.

Section 1.1
Write "two hundred thousand, nine" as a numeral.
Section 1.2
Estimate 612 + 389 by rounding each to the nearest hundred, then find the exact sum.
Section 1.3
Write the blueprint (facts, solving for, steps, key points) and solve: $1,000 shared equally by 8 people.

Chapter 1 answer key

Section 1.1 — Reading, Writing, and Rounding Whole Numbers

Practice

Seven thousand, forty-five
6,300
83,000
Ten thousands (the 5 is worth 50,000)
200,009

Quiz

2,000 — The digit right of the hundreds place is 5, so 9 hundreds rounds up to 10 hundreds: 2,000.
4 — Reading right to left: units 2, tens 1, hundreds 8, thousands 4.
90,090 — 90 in the thousands period and 090 in the units period: 90,090.

Section 1.2 — Adding and Subtracting Whole Numbers

Practice

7,484
6,413
260 points
$1,475
Estimate 600 + 400 = 1,000; exact 1,001

Quiz

225 — Check: 225 + 278 = 503.
Add the difference to the subtrahend — Difference + subtrahend must equal the minuend.
Sum — The result of addition is the sum.

Section 1.3 — Multiplying, Dividing, and the Word-Problem Blueprint

Practice

6,000
1,206
400 ÷ 52 = 7 R36, so 8 buses (the remainder means one more bus)
3 × 45 + 20 = $155
Facts: $1,000, 8 people. Solving for: each share. Steps: 1,000 ÷ 8. Key point: equal shares. Answer $125 each

Quiz

560 — Multiplying by 10 attaches one zero.
23 R3 — 4 × 23 = 92, and 95 − 92 = 3.
Identify the facts given — Know your facts before choosing operations.

Money Words — Chapter 1

business: An organization that makes or sells goods or services to earn money.
revenue: The total money a business brings in from sales, before any costs are paid.
cost: The amount paid to make or buy an item before it is sold.
expense: Money a business spends to run, such as rent, supplies, or wages.
profit: What is left when expenses are subtracted from revenue.
budget: A plan that shows expected income and how it will be spent.
gross profit: Revenue minus the direct cost of the items sold, before other expenses.
net profit: The final profit after every cost is paid — sometimes called the bottom line.
balance: The amount of money in an account at a given moment.

Vocabulary quiz

business — business — An organization that makes or sells goods or services to earn money.
revenue — revenue — The total money a business brings in from sales, before any costs are paid.
cost — cost — The amount paid to make or buy an item before it is sold.
expense — expense — Money a business spends to run, such as rent, supplies, or wages.
profit — profit — What is left when expenses are subtracted from revenue.
budget — budget — A plan that shows expected income and how it will be spent.
gross profit — gross profit — Revenue minus the direct cost of the items sold, before other expenses.
net profit — net profit — The final profit after every cost is paid — sometimes called the bottom line.
balance — balance — The amount of money in an account at a given moment.

Cumulative Review — Chapter 1

Section 1.1: 200,009
Section 1.2: Estimate 600 + 400 = 1,000; exact 1,001
Section 1.3: Facts: $1,000, 8 people. Solving for: each share. Steps: 1,000 ÷ 8. Key point: equal shares. Answer $125 each