Overview

During these lessons students will explore and make calculations with activities involving GST, best buys and profit and loss. 

Students will:   

• calculate GST, GST-inclusive prices and pre-GST prices for goods purchased 

• investigate and calculate best buys by comparing price per unit 

• solve problems involving profit and loss.

Outcomes:

• MA4-1WM communicates and connects mathematical ideas using appropriate terminology, diagrams and symbols

• MA4-2WM applies appropriate mathematical techniques to solve problems

• MA4-3WM recognises and explains mathematical relationships using reasoning

• MA4-6NA solves financial problems involving purchasing goods

Students will:   

• be introduced to what GST is and which food products are not taxable

• perform calculations involving GST

• investigate the effect on families if the GST was increased.

Outcomes:

• MA4-1WM communicates and connects mathematical ideas using appropriate terminology, diagrams and symbols

• MA4-2WM applies appropriate mathematical techniques to solve problems

• MA4-3WM recognises and explains mathematical relationships using reasoning

• MA4-6NA solves financial problems involving purchasing goods

Students will:   

• explore different methods and calculations to determine the best buy

• make decisions on which buy is best

• investigate if buying in bulk is always best value for money.

Outcomes:

• MA4-1WM communicates and connects mathematical ideas using appropriate terminology, diagrams and symbols

• MA4-2WM applies appropriate mathematical techniques to solve problems

• MA4-3WM recognises and explains mathematical relationships using reasoning

• MA4-6NA solves financial problems involving purchasing goods 

Students will:   

• perform calculations to determine the profit or loss

• solve problems with percentages

• determine the percentage profit or loss on items.

Outcomes:

• MA4-1WM communicates and connects mathematical ideas using appropriate terminology, diagrams and symbols

• MA4-2WM applies appropriate mathematical techniques to solve problems

• MA4-3WM recognises and explains mathematical relationships using reasoning

• MA4-6NA solves financial problems involving purchasing goods

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