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.
Additional details |
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Year level(s) | Year 8 |
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Audience | Teacher |
Purpose | Teaching resource |
Teaching strategies and pedagogical approaches | Mathematics investigation |
Keywords | modelling, profit |
Curriculum alignment |
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Curriculum connections | Numeracy |
Strand and focus | Algebra, Apply understanding |
Topics | Linear relationships, Non-linear relationships, Money and financial mathematics |
AC: Mathematics content descriptions |
ACMNA194
Solve linear equations using algebraic and graphical techniques. Verify solutions by substitution
ACMNA189
Solve problems involving profit and loss, with and without digital technologies
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National numeracy learning progression |
Understanding money
Number patterns and algebraic thinking - NPA7 |
Copyright details |
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Organisation | 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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