4.10B Calculate profit in a given situation.
Cost and Profit
Students can struggle with the idea of profit because they don't understand that items that we sell also have an expense related to them. For them to understand profit you will need to ensure that they can follow the flow of money through an example.
Providing examples of producer → wholesale → retail → customer will assist students in knowing how money is exchanged until a profit is seen. Example: A farmer grows produce (which has a cost), that farmer sells the produce to HEB (which also has a cost), and finally HEB sells the produce a consumer and generates a profit.
A cross-curricular example that will bring in your students prior knowledge would be the energy flow that occurs between organisms in the food chain.
A cross-curricular example that will bring in your students prior knowledge would be the energy flow that occurs between organisms in the food chain.