Random Question On Counting Change

Small Business Forums Business Mathematics Random Question On Counting Change

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    Alex T
    Participant

    I was asked this the other day and now I’m curious. Is there a right and wrong way to count back money to someone when you are giving change. I’ve been told there is but I never learned it so I wanted to ask others.

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    Jose J. Medina
    Participant

    I actually saw this while going through their timesheets blog (https://www.timesheets.com/blog/2014/04/business-math-series-teach-employees-count-change-back/)

    They say:

    “Steps to Count Change
    1. Start with the pennies to reach a multiple of 5 or 10.

    2. Next use a nickle or a dime as you get to a multiple of 25.

    3. Use quarters until you reach a dollar.

    4. Use one dollar bills until you reach a multiple of 5 or 10.

    5. Use five dollar bills until you reach 10 or ten dollar bills until you reach 20.”

    You go over more detail on their website.

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    Brandon Vue
    Participant

    I didn’t realize there was a correct way to count change lol I always just by habit did the largest bills first.

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