How to Calculate Change Correctly
Calculating change correctly is a critical skill for cashiers, retailers, and anyone handling cash transactions. The basic formula is: Change = Cash Tendered − Amount Owed.
Step-by-Step Example
- Customer's total bill is $23.75
- Customer gives you $30.00
- Change = $30.00 − $23.75 = $6.25
- Give back: 1× $5 bill + 1× $1 bill + 1× quarter
Standard Tip Percentages
| Service Quality | Tip % | On $50 Bill | On $100 Bill |
|---|---|---|---|
| Poor | 10% | $5.00 | $10.00 |
| Average | 15% | $7.50 | $15.00 |
| Good | 18% | $9.00 | $18.00 |
| Excellent | 20% | $10.00 | $20.00 |
| Outstanding | 25% | $12.50 | $25.00 |