Mathematics / Year 8 / Number and Algebra / Money and financial mathematics

View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

Solve problems involving profit and loss, with and without digital technologies (ACMNA189)

Elaborations
  • expressing profit and loss as a percentage of cost or selling price, comparing the difference
  • investigating the methods used in retail stores to express discounts
General capabilities
  • Literacy Literacy
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
  • ICT capability Information and Communication Technology (ICT) capability
ScOT terms

Profit

Collection

Financial maths – purchasing and pricing

This collection of 20 digital curriculum resources is organised into four categories: purchasing within a budget; budgeting and profit-making; purchasing and best buys; and pricing and production volume. In these interactive learning objects, students are encouraged to make decisions in regard to financial situations and ...

Teacher resource

MoneySmart teaching

This is a website from the Australian Securities and Investments Commission that provides up-to-date content and support in consumer and financial literacy for Australian educators. The website provides access to professional and personal learning programs, as well as resources for teaching and learning including units ...

Moving Image

Marking up the price of goods

Why do many items cost far more in Australia than they do overseas? Find out how and why Australian businesses mark up their products so they can make a profit. The clip provides the context for calculating percentage mark up and discounts on shopping items.

Interactive resource

Muffin bakery: price setting

Run a shop which bakes muffins. Investigate the production costs. Look at how profit is calculated. Examine the effects of unsold stock on profit. Maximise profit by working out the best combination of production volume and price. Look closely at sales figures and make adjustments. This learning object is the first in a ...

Interactive Resource

MoneySmart: MilbaDjunga - secondary unit

The MilbaDjunga secondary unit 'How can I start my own business?' is an interactive online unit developed to support teachers of Aboriginal and Torres Strait Islander students to teach consumer and financial literacy. It leads students through a step-by-step process to start a small business and is accompanied by teacher ...

Interactive resource

Muffin bakery: volume discounting

Run a shop which bakes muffins. Investigate the production costs. Look at how profit is calculated. Examine the effects of unsold stock on profit. Maximise profit by working out the best combination of production volume and price. Investigate the effects of buying ingredients in bulk on unit costs and profit. Look closely ...

Teacher resource

Consumer and financial literacy professional learning module for teachers

This professional learning module provides up-to-date content and support in consumer and financial literacy for educators working within Australian primary and secondary schools. Part 1 presents information about consumer and financial literacy in the education landscape. Part 2 provides examples of how schools are incorporating ...

Interactive Resource

MoneySmart: consumer rights - mobile phones

This is a role-play activity about making choices to buy a mobile phone and seek consumer redress when the phone fails to meet stated expectations. The character's first independent choice is the colour of the phone. Then she is given choices about what to do when the phone in the box is the wrong colour and when she can't ...

Teacher resource

MoneySmart: How can we access money overseas?

This is a year 8 mathematics unit of work about converting currency, accessing money overseas and bartering to acquire goods. Intended to take about ten hours, the unit consists of five sets of student tasks supported by teacher notes. Tasks include calculating the costs of converting Australian dollars to Japanese yen ...

Interactive resource

Fish biz: cash flow

Manage the stock and finances of a fish distribution company. Maximise profits after trading for three months. Check your bank balance and stock levels. Pay bills and keep your customers satisfied. Order wholesale stock, take retail orders, deliver stock and issue invoices. This learning object is one in a series of two objects.