Profit and Loss

Overview:

This lesson starts with a brief overview of the concept of break even, revenues and expenses. (If you have completed the previous lessons in this module, you can skip this intro or review quickly.) Students are asked to think about the break-even point and what is happening with a company’s finances on other sides of this point. The class discusses what it means to make a profit and the meaning of a loss. Students read relevant Knowledge@Wharton articles to answer questions and complete computations about particular profit and loss situations. Finally, students discuss these implications.

NBEA Standard(s):
  • Computation, I. Mathematical Foundations
  • Computation, II. Number Relationships and Operations
  • Computation, III. Patterns, Functions, and Algebra

Lesson Plan Details:

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