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.
|Year level(s)||Year 8|
|Teaching strategies and pedagogical approaches||Mathematics investigation|
|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
|National numeracy learning progression||
Number patterns and algebraic thinking - NPA7
ReSolve: Maths by Inquiry
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