Activity 01
Market Stall Simulation: Price Changes
Groups set up stalls selling items at base prices. Apply successive percentage increases or decreases based on customer negotiations, recording original, new prices, and profits. Rotate roles as buyer and seller, then graph changes.
Analyze why a percentage increase followed by an equal percentage decrease does not return to the original value.
Facilitation TipIn the Market Stall Simulation, circulate with a calculator to catch students who accidentally use the new price as the base when calculating increases or decreases.
What to look forPresent students with a scenario: 'A shopkeeper buys a toy for $50 and sells it for $65. What is the percentage profit? If the shopkeeper then reduces the selling price by 10%, what is the new selling price?' Check their calculations for both steps.