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Created byMaheen T
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School Store: A Student-Run Business Project

Grade 5MathEnglishArtPhysical EducationTechnology60 days
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Inquiry Framework

Question Framework

Driving Question

The overarching question that guides the entire project.How can we collaboratively design, market, and manage a school store that maximizes profit while applying our understanding of decimals, fractions, and percentages in real-world scenarios?

Essential Questions

Supporting questions that break down major concepts.
  • How can we use math to make smart business decisions in our school store?
  • How does understanding decimals, fractions, and percentages help us manage money and inventory effectively?
  • How can we design appealing products and displays to attract customers to our store?
  • What role does teamwork play in running a successful school store?
  • How can we use technology to track sales, manage inventory, and promote our store?

Standards & Learning Goals

Learning Goals

By the end of this project, students will be able to:
  • Students will be able to apply decimal operations to accurately price items.
  • Students will be able to manage inventory using fractions.
  • Students will be able to calculate profits and losses using percentages.
  • Students will be able to solve word problems related to store operations.
  • Students will be able to work collaboratively to design, market, and manage a school store.

Teacher-specified standards

N.05.NA.F.5
Primary
solving up to 2-step word problems involving percentageReason: Directly addresses the application of percentage in solving word problems within the context of the school store.

Common Core Standards

CCSS.Math.Content.5.NBT.B.7
Primary
Add, subtract, multiply, and divide decimals to hundredths, using concrete models or drawings and strategies based on place value, properties of operations, and/or the relationship between addition and subtraction; relate the strategy to a written method and explain the reasoning used.Reason: Covers the core math skills needed for pricing, sales, and profit calculation.
CCSS.Math.Content.5.NF.A.1
Secondary
Add and subtract fractions with unlike denominators (including mixed numbers) by replacing given fractions with equivalent fractions in such a way as to produce an equivalent sum or difference of fractions with like denominators.Reason: Addresses the use of fractions in inventory management.
CCSS.Math.Content.5.MD.A.1
Supporting
Convert among different-sized standard measurement units within a given measurement system (e.g., convert 5 cm to 0.05 m), and use these conversions in solving multi-step, real world problems.Reason: Supports the calculation of quantities and values in the store.
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Portfolio Activities

Portfolio Activities

These activities progressively build towards your learning goals, with each submission contributing to the student's final portfolio.
Activity 1

Pricing Strategies: Decimal Decisions

Students learn to strategically price items using decimal operations to maximize profit.

Steps

Here is some basic scaffolding to help students complete the activity.
1. Research costs of goods and competitor pricing.
2. Apply markup percentages to determine initial prices.
3. Adjust prices based on perceived value and demand using decimal operations.
4. Record all pricing decisions and justifications in a pricing log.

Final Product

What students will submit as the final product of the activityA detailed pricing strategy document with rationale for each item's price.

Alignment

How this activity aligns with the learning objectives & standardsAligns with CCSS.Math.Content.5.NBT.B.7 (decimal operations) and Learning Goal: Students will be able to apply decimal operations to accurately price items.
Activity 2

Inventory Insights: Fraction Frenzy

Students manage inventory using fractions, tracking stock levels and reordering needs.

Steps

Here is some basic scaffolding to help students complete the activity.
1. Create an inventory tracking system using fractions to represent stock levels.
2. Monitor sales and update inventory levels daily.
3. Determine reorder points based on fractional inventory levels.
4. Calculate total inventory value using fractions.

Final Product

What students will submit as the final product of the activityAn inventory management report showing stock levels, sales trends, and reordering recommendations.

Alignment

How this activity aligns with the learning objectives & standardsAligns with CCSS.Math.Content.5.NF.A.1 (fractions) and Learning Goal: Students will be able to manage inventory using fractions.
Activity 3

Profit Pursuit: Percentage Power

Students calculate profits, losses, discounts, and GST using percentages to understand the financial performance of the store.

Steps

Here is some basic scaffolding to help students complete the activity.
1. Calculate the cost price of each item.
2. Determine the selling price of each item.
3. Calculate discounts and GST for each item.
4. Analyze sales data to calculate total revenue, expenses, and profit/loss.
5. Create a profit and loss statement.

Final Product

What students will submit as the final product of the activityA comprehensive profit and loss statement with analysis of financial performance.

Alignment

How this activity aligns with the learning objectives & standardsAligns with N.05.NA.F.5 (percentages) and Learning Goal: Students will be able to calculate profits and losses using percentages.
Activity 4

Word Problem Wonders: Store Scenario Solver

Students solve word problems related to store operations, applying their knowledge of decimals, fractions, and percentages.

Steps

Here is some basic scaffolding to help students complete the activity.
1. Create a set of word problems related to store operations, covering pricing, inventory, and profit calculations.
2. Solve the word problems individually, showing all work.
3. Compare solutions and discuss problem-solving strategies in groups.
4. Present the solutions in clear, step-by-step explanations.

Final Product

What students will submit as the final product of the activityA portfolio of solved word problems with detailed explanations and justifications.

Alignment

How this activity aligns with the learning objectives & standardsAligns with N.05.NA.F.5 (word problems with percentages), CCSS.Math.Content.5.NBT.B.7 (decimal word problems), and Learning Goal: Students will be able to solve word problems related to store operations.
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Rubric & Reflection

Portfolio Rubric

Grading criteria for assessing the overall project portfolio

School Store Portfolio Rubric

Category 1

Pricing Strategies: Decimal Decisions

Demonstrates strategic pricing using decimal operations to maximize profit, with clear justifications for pricing decisions.
Criterion 1

Accuracy of Decimal Operations

Precision and correctness in performing decimal calculations for pricing.

Exemplary
4 Points

All pricing calculations are accurate and precise, demonstrating a sophisticated understanding of decimal operations. Prices are optimized for profit.

Proficient
3 Points

Most pricing calculations are accurate, with only minor errors. Demonstrates a solid understanding of decimal operations and their application to pricing.

Developing
2 Points

Some pricing calculations contain errors, indicating an emerging understanding of decimal operations. Struggles to consistently apply decimal operations correctly.

Beginning
1 Points

Pricing calculations contain significant errors, demonstrating a limited understanding of decimal operations. Unable to accurately apply decimal operations to pricing.

Criterion 2

Justification of Pricing Decisions

Clarity and logic in explaining the rationale behind chosen prices.

Exemplary
4 Points

Provides a comprehensive and insightful rationale for each item's price, considering cost, competitor pricing, and perceived value. Demonstrates innovative pricing strategies.

Proficient
3 Points

Provides a clear and logical rationale for each item's price, considering cost, competitor pricing, and perceived value.

Developing
2 Points

Provides a limited or inconsistent rationale for pricing decisions. Some justifications may be unclear or lack supporting evidence.

Beginning
1 Points

Fails to provide a clear rationale for pricing decisions. Justifications are missing or illogical.

Category 2

Inventory Insights: Fraction Frenzy

Effectively manages inventory using fractions, tracking stock levels and making informed reordering recommendations.
Criterion 1

Accuracy of Fraction Representation

Correctly represents inventory levels using fractions and updates them accurately based on sales.

Exemplary
4 Points

All inventory levels are accurately represented using fractions, with precise updates based on sales. Demonstrates sophisticated understanding of fractional representation.

Proficient
3 Points

Most inventory levels are accurately represented using fractions, with minor errors in updates. Demonstrates solid understanding of fractional representation.

Developing
2 Points

Some inventory levels are inaccurately represented using fractions, with inconsistent updates. Shows emerging understanding of fractional representation.

Beginning
1 Points

Inventory levels are significantly inaccurately represented using fractions. Demonstrates limited understanding of fractional representation.

Criterion 2

Informed Reordering Recommendations

Provides sound recommendations for reordering based on fractional inventory levels and sales trends.

Exemplary
4 Points

Provides insightful and data-driven reordering recommendations based on fractional inventory levels, sales trends, and potential demand. Shows proactive inventory management.

Proficient
3 Points

Provides logical reordering recommendations based on fractional inventory levels and sales trends.

Developing
2 Points

Provides reordering recommendations with limited consideration of inventory levels or sales trends. Recommendations may be inconsistent or unclear.

Beginning
1 Points

Fails to provide reasonable reordering recommendations. Recommendations are missing or illogical.

Category 3

Profit Pursuit: Percentage Power

Calculates profits, losses, discounts, and GST accurately using percentages to analyze the store's financial performance.
Criterion 1

Accuracy of Percentage Calculations

Precision and correctness in performing percentage calculations for profits, losses, discounts, and GST.

Exemplary
4 Points

All percentage calculations are accurate and precise, demonstrating a sophisticated understanding of percentage operations. Provides innovative analysis of financial performance.

Proficient
3 Points

Most percentage calculations are accurate, with only minor errors. Demonstrates a solid understanding of percentage operations and their application to financial analysis.

Developing
2 Points

Some percentage calculations contain errors, indicating an emerging understanding of percentage operations. Struggles to consistently apply percentage operations correctly.

Beginning
1 Points

Percentage calculations contain significant errors, demonstrating a limited understanding of percentage operations. Unable to accurately apply percentage operations to financial analysis.

Criterion 2

Comprehensive Financial Analysis

Provides a thorough and insightful analysis of the store's financial performance based on percentage calculations.

Exemplary
4 Points

Provides a comprehensive and insightful analysis of the store's financial performance, including revenue, expenses, profit/loss, discounts, and GST. Demonstrates an advanced understanding of financial concepts.

Proficient
3 Points

Provides a clear and detailed analysis of the store's financial performance, including revenue, expenses, profit/loss, discounts, and GST.

Developing
2 Points

Provides a limited analysis of the store's financial performance. Some key financial aspects may be missing or unclear.

Beginning
1 Points

Fails to provide a meaningful analysis of the store's financial performance. Analysis is missing or inaccurate.

Category 4

Word Problem Wonders: Store Scenario Solver

Solves word problems related to store operations accurately and provides clear, step-by-step explanations.
Criterion 1

Accuracy of Solutions

Correctness in solving word problems related to store operations.

Exemplary
4 Points

All word problems are solved accurately and efficiently, demonstrating a sophisticated understanding of problem-solving strategies.

Proficient
3 Points

Most word problems are solved accurately, with only minor errors. Demonstrates a solid understanding of problem-solving strategies.

Developing
2 Points

Some word problems contain errors, indicating an emerging understanding of problem-solving strategies. Struggles to consistently apply problem-solving strategies correctly.

Beginning
1 Points

Word problems contain significant errors, demonstrating a limited understanding of problem-solving strategies. Unable to accurately solve word problems.

Criterion 2

Clarity of Explanations

Provides clear, step-by-step explanations of the problem-solving process.

Exemplary
4 Points

Provides clear, concise, and insightful step-by-step explanations of the problem-solving process, demonstrating a deep understanding of the underlying concepts. Shows leadership in explaining solutions to others.

Proficient
3 Points

Provides clear and detailed step-by-step explanations of the problem-solving process.

Developing
2 Points

Provides explanations with some gaps or inconsistencies. Explanations may be difficult to follow or lack detail.

Beginning
1 Points

Fails to provide clear explanations of the problem-solving process. Explanations are missing or incomprehensible.

Reflection Prompts

End-of-project reflection questions to get students to think about their learning
Question 1

What was the most surprising thing you learned about running a school store?

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Question 2

How did your understanding of decimals, fractions, and percentages improve through this project? Give specific examples.

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Question 3

What challenges did you face while working on the school store, and how did you overcome them?

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Question 4

To what extent do you agree with the following statement: 'I feel confident in my ability to apply mathematical concepts to real-world business situations.'

Scale
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Question 5

How effectively did your team work together to manage the school store?

Multiple choice
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Options
Very Effectively
Effectively
Somewhat Effectively
Not Effectively
Question 6

If you could do this project again, what would you do differently?

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Required