reSolve: Mathematical modelling – pricing for profit
In this unit, students approach the problem of how to price a product to maximise profit, in this case, items sold at a school fair to raise money. The unit involves students in iterative cycles of model improvement as they consider more sophisticated versions. As they work through the unit, students see how varying the assumptions that they make affects the mathematical model they develop.
- Resource details
- Year level
- Year 8
- Purpose
- Teaching resource
- Strand
- Algebra
- Topic
- Linear relationships Non-linear relationships Money and financial mathematics
- Audience
- Teachers
- Format
- Downloadable resource
- Numeracy progression
- Number patterns and algebraic thinking (P7) Proportional thinking (P6) Understanding money (P8)
- Publisher
- reSolve Maths by Inquiry
- Copyright
- © Australian Government Department of Education, Skills and Employment 2021. Creative Commons BY-NC-SA 4.0.
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