Each lesson is tailored to a specific learning activity appropriate for 3rd to 5th grade level mathematics. Teachers are guided through lesson materials that have been modeled around established curriculum standards of the National Council of Teachers of Mathematics (NCTM), as well as employing learning methodologies outlined in Bloom's Taxonomy of Educational Objectives.
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Analyzing Price and Sales Data
Lesson Length: Approximately 1 day
Learning Objectives
- The student will understand and explain the role of state sales taxes.
- The student will create a sales tax chart by calculating the sales tax amount and tax inclusive retail price for 20 school store items.
- The student will calculate subtotals, sales tax amounts, and total purchase amounts for multi-item sales receipts.
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Calculating Sales Tax
Lesson Length: Approximately 2 days
Learning Objectives
- The student will understand and explain the role of state sales taxes.
- The student will create a sales tax chart by calculating the sales tax amount and tax inclusive retail price for 20 school store items.
- The student will calculate subtotals, sales tax amounts, and total purchase amounts for multi-item sales receipts.
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Making Change
Lesson Length: Approximately 2 days
Learning Objectives
- The student will understand the roles of the cashier and customer when making and receiving change.
- The student will calculate change based on single item purchases paid with a $1.00 and $5.00 bill.
- Assuming the role of a cashier, the student will calculate total purchase amounts for multi-item sales receipts and the amount of change to give to a customer based on cash paid.
- The student will compute change, given various item prices and cash paid, in a game of bingo.
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Tracking Inventory
Lesson Length: Approximately 2 days
Learning Objectives
- The student will understand and explain inventory and the importance of inventory tracking.
- The student will calculate ending inventory for school store items using beginning inventory, sales, and order information.
- The student will determine which items need to be re-ordered based on the store’s inventory goals and policy.
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Profit and Loss
Lesson Length: Approximately 2 days
Learning Objectives
- The student will understand profit and loss, components of a simple profit and loss statement, and the importance of a profit and loss statement.
- The student will calculate profits using gross income, total expenses, and cost of goods sold.
- The student will analyze monthly profit and loss statements for a school store and calculate profit margin percentages.
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