Costing and Pricing
Students calculate the cost of materials, overheads, and determine the selling price to achieve a desired profit margin.
About This Topic
Students calculate the cost of materials, overheads, and determine the selling price to achieve a desired profit margin.
Key Questions
- How do we calculate the total cost of producing an item?
- What is the difference between mark-up and profit margin?
- How do we set a competitive selling price for a product?
Active Learning Ideas
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Planning templates for Mathematical Applications
5E Model
The 5E Model structures lessons through five phases (Engage, Explore, Explain, Elaborate, and Evaluate), guiding students from curiosity to deep understanding through inquiry-based learning.
Unit PlannerMath Unit
Plan a multi-week math unit with conceptual coherence: from building number sense and procedural fluency to applying skills in context and developing mathematical reasoning across a connected sequence of lessons.
RubricMath Rubric
Build a math rubric that assesses problem-solving, mathematical reasoning, and communication alongside procedural accuracy, giving students feedback on how they think, not just whether they got the right answer.
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