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Profit and Loss

Students analyze the concept of profit and loss, the components of a simple profit and loss statement and the importance of a profit and loss statement. They calculate profits using gross income, total expenses and cost of goods sold. Each student also examines monthly profit and loss statements for a school store and calculate profit margin percentages.

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Concepts

Resource Details

Grade
3rd - 5th
Subjects
Math
1 more...
Resource Type
Lesson Plans
Language
English
Duration
2 days
Included Materials
  • Worksheet