THE FUTURE MARKETACADEMY
Your classroomRoom 13 · Library
School of Student Essentials

Everyday Math: Percentages, Fractions, Money Math

Step 4 of 9 in Library

Next in your path: 13.16 Exam Prep & Test-Taking

What you'll be able to do
  • Add, subtract, multiply and divide simple fractions, and use them in recipes.
  • Switch between fractions, decimals and percentages.
  • Work out discounts and sales tax (for example Ontario's 13% HST) in your head or on a calculator.
  • Calculate percent change and compare prices using unit prices.
  • Do everyday money math: pay, budgets, splitting bills and tips.
  • Understand how simple and compound interest work.

This course teaches math skills. It is education only, not financial advice. For personal money decisions, talk to a qualified professional.

Words in this course 24Open the Vocabulary Hall
01

Fractions without fear

In simple words

A fraction is a share of something. If you cut a pizza into 4 equal slices and eat 1, you ate 1/4 of the pizza. The bottom number says how many slices; the top number says how many you have.

Key facts
  • Top = numerator (how many parts you have). Bottom = denominator (how many equal parts in the whole).
  • Equivalent fractions: multiply or divide top and bottom by the same number. 1/2 = 2/4 = 4/8.
  • Simplify: divide top and bottom by the biggest number that goes into both. 6/12 → divide by 6 → 1/2.
  • Add or subtract: make the bottoms the same first, then add the tops.
  • 1/2 + 1/4 = 2/4 + 1/4 = 3/4
  • 2/3 + 1/4 = 8/12 + 3/12 = 11/12
  • Multiply: top × top, bottom × bottom. 3/4 × 2/3 = 6/12 = 1/2
  • Divide: flip the second fraction and multiply. 1/2 ÷ 1/4 = 1/2 × 4/1 = 4/2 = 2 (there are two quarters in a half).
  • Improper fraction to mixed number: 4/3 = 1 1/3 (3 goes into 4 once, 1 left over).
Example (recipes)
  • A recipe needs 3/4 cup of milk. You make half the recipe: 3/4 × 1/2 = 3/8 cup.
  • A recipe needs 2/3 cup of flour. You double it: 2/3 × 2 = 4/3 = 1 1/3 cups.
Step by step
  1. Pick a real recipe and write down every amount.
  2. For half the recipe, multiply each amount by 1/2 (top times top, bottom times bottom).
  3. For double the recipe, multiply each amount by 2.
  4. To add fractions, make the bottom numbers the same first, then add the tops.
  5. Simplify each answer by dividing the top and bottom by the biggest number that goes into both.
  6. Turn improper fractions such as 4/3 into mixed numbers such as 1 1/3.
  7. Write both versions of the recipe in a table.
  8. Check: every answer is simplified and the half amount plus the half amount equals the original.
Watch on YouTube
Math Antics: adding and subtracting fractionsmathantics · YouTube · youtube.com
Math Antics: simplifying fractionsmathantics · YouTube · youtube.com

Videos by other creators on YouTube, for reference. They are not made by or affiliated with The Future Market.

LESSON 01Fractions without fear
LESSON 01 / ANIMATED LESSON / AI VOICE00:00 / 01:15
Read the video script
[Screen: pizza cut into 4, one slice removed] "A fraction is a share. One slice of four is one quarter."
[Text on screen: 1/2 + 1/4 = 2/4 + 1/4 = 3/4] "To add, make the bottoms match first. One half becomes two quarters. Two quarters plus one quarter is three quarters."
[Text on screen: 3/4 × 2/3 = 6/12 = 1/2] "To multiply, go straight across, then simplify."
[Screen: measuring cup with 3/8 marked] "Halving a recipe that needs three quarters of a cup? That's three eighths."
[Host] "Match the bottoms to add. Go straight across to multiply. That's most of it."
Try it now

Pick a real recipe. Rewrite every amount for half the recipe and for double the recipe. Simplify every answer.

ClaudeStuck? Copy a ready-made prompt for Claude

Copy this, open Claude, paste it, and Claude will walk you through the lesson step by step.

For a grown-up: Claude is for adults (18+). Copy this, paste it into Claude, and use the answer to explain the lesson to your child.

I'm learning "Everyday Math: Percentages, Fractions, Money Math" on The Future Market. Lesson 1: "Fractions without fear".

What the lesson teaches:
- Top = numerator (how many parts you have). Bottom = denominator (how many equal parts in the whole).
- Equivalent fractions: multiply or divide top and bottom by the same number. 1/2 = 2/4 = 4/8.
- Simplify: divide top and bottom by the biggest number that goes into both. 6/12 → divide by 6 → 1/2.
- Add or subtract: make the bottoms the same first, then add the tops.
- 1/2 + 1/4 = 2/4 + 1/4 = 3/4
- 2/3 + 1/4 = 8/12 + 3/12 = 11/12
- Multiply: top × top, bottom × bottom. 3/4 × 2/3 = 6/12 = 1/2

The exercise I'm working on:
Pick a real recipe. Rewrite every amount for half the recipe and for double the recipe. Simplify every answer. ---

I'm stuck. Please:
1. Explain the main idea in plain, simple words with one everyday example.
2. Walk me through the exercise one small step at a time. Ask me what I've done so far before giving the next step.
3. Don't just give me the final answer. Help me do it myself, and check my work when I share it.
I'm a parent helping my child (about 8 years old) with a lesson called "Fractions without fear" from the course "Everyday Math: Percentages, Fractions, Money Math".

Here's what the lesson says:
A fraction is a share of something. If you cut a pizza into 4 equal slices and eat 1, you ate 1/4 of the pizza. The bottom number says how many slices; the top number says how many you have.

The activity:
Pick a real recipe. Rewrite every amount for half the recipe and for double the recipe. Simplify every answer. ---

Please explain this so an 8-year-old understands: short sentences, a fun everyday example, and no hard words.
Then give me 3 simple questions I can ask my child to check they understood, and a way to do the activity together, one tiny step at a time.
Open Claude
My notes
02

Fractions, decimals and percentages

This lesson is part of full access: every course and every level for one payment.

03

Discounts and sales tax (with Ontario HST examples)

This lesson is part of full access: every course and every level for one payment.

04

Percent change and getting the best price

This lesson is part of full access: every course and every level for one payment.

05

Money math for everyday life

This lesson is part of full access: every course and every level for one payment.

06

Interest: when money grows, and when debt grows

This lesson is part of full access: every course and every level for one payment.

++

Final project

This lesson is part of full access: every course and every level for one payment.

??

Quiz

  1. What is 2/3 + 1/4?

  2. What is 1/2 ÷ 1/4?

  3. Write 3/8 as a percent.

  4. What is 15% of $47?

  5. Why check your own country's sales tax rate before working out a price?

  6. A $60 jacket is 30% off. What is the total with a 13% sales tax?

  7. A receipt says $56.50 including a 13% sales tax. What was the price before tax?

  8. Is 20% off followed by 10% off the same as 30% off?

  9. A price rises from $50 to $60. What is the percent increase?

  10. $500 at 4% simple interest for 3 years earns how much interest?

EX

Final exam

This lesson is part of full access: every course and every level for one payment.

CE

Certificate

This lesson is part of full access: every course and every level for one payment.