Lesson plan to achieve different levels of learning objectives as per Bloom’s taxonomy for the “Profit and Loss” topic

The first step towards achieving success in any endeavor is planning.
The better prepared you are with a plan, the more are the chances of winning the war!

Let’s see how we can design a lesson plan for the topic “Profit and Loss” in Mathematics to achieve different learning objectives as per Bloom’s Taxonomy

Tips and Techniques to achieve these learning levels

1. To help students understand the components of Profit, Loss, Cost Price, and Selling Price, instead of using the definitions and formulas, guide students to arrive at the formula using storytelling or ask students what they already know about the terms and brainstorm your way to the definition and the basic formulas.

This infographic talks about scientific evidence of storytelling technique as a teaching method and tips for effective storytelling.

In this video, the speaker uses a story to arrive at the definition of profit and loss. This technique will make sure that students who have difficulty remembering the formulas will also be able to understand and use the formula once they absorb the concept through a story

2. Give students as many simple single transaction problems to practice as many possible. The cognitivist learning theory will be put to use here and the students’ mental processes will become active; helping the students learn the concepts for a long time.

3. Draft word problems which will test the ability of a student to analyze a complicated situation and evaluate the outcomes

For example: A shopkeeper wants to sell 2 pairs of shoes in his shop. He wants to go to a shoe factory to get the shoes and then sell them in his shop. Now he has two options, if he goes to Factory A , he can buy the 2 pair of shoes for Rs.200. But it is located very far from his shop. So, he will have to hire a rickshaw and pay Rs.40 to the rickshaw owner. He feels the quality of the shoes is very good, so he thinks he can sell the shoes at a price which is 40% higher than Rs.200.
But then he recalls that there is another factory B which is very close to his home from which he can get the 2 pair of shoes in Rs.150 and he doesn’t need to pay a rickshaw owner. But he feels the style of the shoes is not very much in demand and thinks he can sell at a price which is 30% higher than Rs.150.
Then he gets confused!
Can you help the shopkeeper decide the factory from which he should buy the shoes? Factory A or B?

4.At the end take a quick test to find out which students are at learning level of
A.Understand B.Apply C.Analyze and Evaluate.

You can give them worksheets or homework as per their learning levels. This will make sure that students who are at a lower learning level also will feel a sense of accomplishment after doing the worksheets and may be motivated to try problems of higher learning levels after practice. This can also reduce their math anxiety!

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