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Listed under:  Economics and business  >  Finance  >  Accounting
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 and volume

Run a shop which bakes muffins. Investigate the fixed costs and variable costs involved in production. Look at how gross profit and net profit are 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 ...

Teacher resource

MoneySmart: The fun begins: plan, budget, profit!

This is a unit of work integrating aspects of the year 6 mathematics, English, geography, and economics and business curriculums around planning a nature fun park. The unit is intended to take about eight hours. It consists of eight sets of student activities supported by teacher notes, including mapping, holding discussions, ...

Teacher resource

MoneySmart: How can we reduce our spending?

This is a year 7 mathematics unit of work about using comparative shopping strategies to spend less. Intended to take about ten hours, the unit explores grocery and mobile phone spending and other areas of potential reduction chosen by the student. It consists of five sets of student tasks supported by teacher notes. Tasks ...

Interactive resource

Fish market: explore trading

Buy and sell fish in trading markets in a range of Australian and New Zealand cities. Compare market prices, supply and demand. Explore a range of traders to find the best deals and open up new markets. Find a rare fish. Maximise your profit and reputation as a smart trader. This learning object is the first in a series ...

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

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 ...

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.

Interactive resource

Exploring algebra

Calculate a disc jockey's profit or loss when he sells records. Use algebraic notation to represent variables. For example, T = 56 + 3n (where T is total expenses and n is the number of records produced). Calculate revenue and expenses, then work out the profit or loss.

Interactive resource

Fish tank: business start-up

Breed fish to sell at a pet market. Start with two fish and a tank. Examine the costs of food and equipment. Buy items to help take care of the fish and the tank. Think about the business impact of each purchase. Budget to increase stock and maximise 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 ...

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Children playing cricket at Manly Beach, 1964

This is a colour photograph showing children playing cricket on Manly Beach in 1964. Nine children are gathered around the batter, who is wearing calipers and is waiting for the ball to be bowled. Other beachgoers, the Manly Surf Pavilion, other buildings and some trees are in the background.

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Program for opening of Hills Water Scheme for Perth and Fremantle, 1925

This is a program commemorating the official opening of the first section of the Hills Water Scheme for Perth and Fremantle, Western Australia, in December 1925. The four-page black-and-white brochure is 12.5 cm x 20 cm.

StillImage

Felt and Tarrant mechanical comptometer, 1915-20

This is a mechanical comptometer manufactured from metal and plastic by Felt and Tarrant, USA, at some stage between 1915 and 1920. The keyboard is a series of metal and plastic keys fixed onto 12 of 13 rows on a rectangular tan metal box. The plastic tops of the keys are dark green or yellow and each has a black or a white ...

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 ...

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: calls, messaging and browsing

This is an activity about managing a prepaid mobile phone plan. It contains six sliders allowing users to estimate the number of contacts they have on the same network, and adjust the number of calls, SMS messages and voicemails they make, websites they visit, and apps, games, videos and so on that they download or upload. ...

Moving Image

Funny money

What do you use money to buy? In this clip we look at Australian money. See the different coins and notes that make up our money system. We investigate if size, (in coins) does matter. Check out how many 5 cent pieces you need to make two dollars. We also look at some currencies used around the world. Find out which country ...

Teacher resource

Design and Make a Financial Plan for a Market Garden

This is a teacher guide providing suggestions for Maths activities based on designing a sustainable market garden and developing a budget for creating and maintaining the market garden as a profitable enterprise. It highlights the need for researching factors such as crop growing conditions and sales potential, and provides ...

Teacher resource

MoneySmart: Reaching goals: What's involved?

This unit of work students learn about financial planning through the characters Cathy and Dinuka who are Year 10 students planning to go on a holiday together at the end of Year 12. Students learn about goal setting, saving, borrowing, investing, working with compound interest, good and bad credit, depreciation and inflation.