Small Business Saturday: Math in Action

Instructions

This activity helps students apply math concepts of profit/loss and algebraic equations in the context of small business shopping scenarios. Students will use spreadsheets and calculators to solve real-world problems.

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1

A store buys a product for $20 and sells it for $30. What is the profit percentage?

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If a store bought items worth $500 but sold them for $450, what is the loss percentage?

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Use a spreadsheet to project next month's profit if sales are expected to increase by 20%.

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A store sells an item for $x and makes a profit of $10. If the cost is $15, write the equation and solve for x.

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Using a calculator, find the total cost of buying 15 items each priced at $18.

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A customer buys 3 items for $40 each and gets a 10% discount on the total. What is the final price?

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If a business reduces its prices by 20%, it will definitely have a 20% decrease in total revenue.

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Select all the methods a small business might use to calculate profit margins.

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A store buys a product for $20 and sells it for $30. What is the profit percentage?

If a store bought items worth $500 but sold them for $450, what is the loss percentage?

Use a spreadsheet to project next month's profit if sales are expected to increase by 20%.

A store sells an item for $x and makes a profit of $10. If the cost is $15, write the equation and solve for x.

Using a calculator, find the total cost of buying 15 items each priced at $18.

A customer buys 3 items for $40 each and gets a 10% discount on the total. What is the final price?

If a business reduces its prices by 20%, it will definitely have a 20% decrease in total revenue.

Select all the methods a small business might use to calculate profit margins.

Describe how using spreadsheets can assist small businesses in tracking profits and losses. Provide examples.