TOPIC 24 Using Percentages Strand: Number Strand unit: Percentages Curriculum Objectives 618 Solve problems relating to profit, loss, discount, VAT, interest, increases, decreases. Looking back: What the 5th class programme covered 1. Problem solving with simple percentages. 2. Simple discount and increase problems. Maths skills used in this topic 1. Reasoning: Reason, investigate and hypothesise with patterns and relationships in mathematics. 2. Understanding and recalling: Understand and recall facts, definitions and formulae. Concrete materials Calculator Vocabulary Cost price, selling price Teaching points 1. Some of the material in this unit is among the most challenging on the 6th class syllabus. Keep the numbers small when teaching initial concepts. Finding the cost price when given the selling price is especially difficult. 2. Ensure that the children are familiar with the most common percentages expressed as fractions – half, thirds, quarters, fifths, sixths, eighths and tenths (see page 95 of the textbook). Oral and mental activities Fans: Increase €48, €56, €91, etc. by 10%. Repeat with a variety of numbers. Decrease €44, €22, €76, etc. by 50%. Repeat with a variety of numbers. Introduce harder calculations as the children show competency in the lower ones. Increase and decrease by 33 13 % ( 13 ) 12 12 % ( 18 ). Topic suggestions 1. It may be a worthwhile exercise to compare money profit and percentage profit. For example, which is better: a profit of €10 or a profit of 10%? The question cannot be answered because it’s being asked in a vacuum. It depends on what was paid for the item. If the item cost €50, then the €10 profit is preferable (as a 10% profit only equates to €5). However, if I paid €400 for the item, then the 10% figure represents a greater profit. 98 2. The simple interest formula might be introduced to the higher attainers in your class. PxRxT 100 P stands for ‘principal’, the sum of money invested. R stands for the ‘rate’ (%) at which the money was invested. T stands for the ‘time’ (years). Activity A The wheels have been constructed in such a way that any percentage in the left-hand circle may be easily computed of any quantity in the right-hand circle (mental arithmetic). You can use the colours to ‘spice up’ the questions, e.g. ‘What’s the red percentage of the yellow number?’ Choose a colour in the left-hand circle, choose a colour in the right-hand circle. What’s the answer? Differentiation Lower attainers: Separate activity sheet Higher attainers: 1. Separate activity sheet 2. Look for ads in the buy and sell columns of newspapers and dedicated magazines. Children can bring in these columns and base questions on them. Online selling sites such as eBay may be of interest. Topic Topic 24 24 1. Calculate the profit in money and as a percentage on each item. 1. Sports Goods Bought and Sold. Fill the blanks in the table. Cost Price €48 €20 €35 €60 €21 €80 €63 €66 Selling Price €54 €25 €42 €90 €28 €88 €70 €77 Profit € €54 – €48 = €6 6 48 Profit % = 1 8 = 12 12 % Cost Price €72 €48 €44 €72 €45 €42 €60 €75 €60 Selling Price €84 €60 €66 €81 €54 €56 €66 €90 €78 Profit € Profit % 2. Calculate the loss in money and as a percentage on each item. Cost Price €72 Selling Price €48 €36 €72 €77 €36 €40 €36 €36 €24 €90 €75 €81 €60 Loss % 12 72 Cost Price €32 €90 €65 €24 €45 €88 €90 €100 €100 Selling Price €28 €75 €52 €20 €36 €66 €60 €99 €1 Loss € €60 €88 1 6 Sold For € Profit / Loss % Profit / Loss €60 €72 € % Surf Board €40 €60 € % Badminton Racquet €20 €18 € % Sail Board €150 €180 € % Golf Clubs €220 €231 € % Wet Suit €30 €27 € % Squash Racquet €98 €112 € Fishing Rod €117 € % Racing Bicycle €260 €130 €292.50 € % Set of Jerseys €72 €99 € % % 2. Find the cost price of these items. In each case a profit was made. Example SP: €96 €72 – €60 = €12 = Bought for Tennis Racquet Profit: 20% 100% + 20% = 120% = 1 5 = 16 23 % = 16 So 5 5 6 5 = 80 = 96 Ans €80 Selling Price €30 €42 €72 €132 €234 Profit % 20% 20% 20% 20% 20% €408 20% €725 €920 €414 €837 25% 25% 12 12 % 12 12 % Cost Price Loss € 3. Find the cost price of these items. Loss % Selling Price €572 €891 Profit % 10% 10% Cost Price 3. Simplify these. (a) 4x9 15 x 8 ____________ (b) 2 x 10 25 x 4 ____________ (c) 6x7 35 x 6 ____________ (d) 8x5 10 x 16 ____________ (e) 9x2 8 x 27 ____________ (f) 10 x 12 12 x 10 ____________ (g) 5x7 21 x 25 ____________ (h) 8x3 9 x 16 ____________ (i) 22 x 10 10 x 33 ____________ (j) 24 x 11 33 x 36 ____________ (k) 50 x 9 9 x 70 ____________ (l) 14 x 15 20 x 21 ____________ 4. Find the cost price of these items. In each case a loss was made. Example SP: €60 100% – 20% = 80% = 1 5 Cost Price €143 €228 €338 €414 €500 €683 €800 €920 €950 Selling Price €139 €215 €540 €399 €315 €725 €699 €635 €499 Profit or Loss € €4 L Date: ___________________ = 15 So 5 5 4 5 = 60 = 75 Ans €75 Selling Price €88 €156 €204 €356 €492 Profit % 20% 20% 20% 20% 20% €736 20% Cost Price 5. Find the cost price of these items. Selling Price €396 €774 €492 €732 €595 €833 Profit % 10% 10% 25% 25% 12 12 % 12 12 % Cost Price Name: _______________________________________ Date: ___________________ © Folens Photocopiables for a loss. © Folens Photocopiables 4. Calculate the profit or loss in money in each of these. Write P if a profit has been made or L Name: _______________________________________ Loss: 20% Linkage Measures: Money Integration SESE Geography: Human environments – people at work, commerce and trade Maths at home/parental involvement Find examples of profit and loss at home – perhaps an older brother or sister bought and sold a bicycle, Mum or Dad may have traded in a car or bought or sold on an online trading site, etc. 99
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