Florida SS.4.FL.1.6
The Standard
Describe ways that people who own a business can earn a profit, which is a source of income.
Florida Next Generation Sunshine State Standards for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students track money received from sales and money spent on supplies, wages, rent, and other costs. They explain how increasing sales or lowering costs can raise profit.
What Mastery Looks Like
- Students can subtract total costs from sales revenue to find profit in a simple example. They can name a reasonable business choice that might increase profit.
Common Misconceptions
- Students often treat all sales revenue as profit. They may forget expenses or assume that raising prices always leads to more profit, even if fewer customers buy.
How to Assess It
- Give this exit ticket: A snack stand earns $80 in sales and spends $55. Find the profit and name one way the owner could increase it.
Lesson moves
Ways to Teach It
Give teams play money, supply cards, and customer orders to run a paper sandwich shop and calculate profit.
Ask students to write which choice would help a bakery more, selling more cupcakes or spending less on boxes, and explain why.
Play Profit Match by pairing revenue and cost cards, then racing to calculate each business owner’s profit.
Compare prices and estimated costs for items at a local restaurant, then discuss what money remains for the owner.
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- SS.4.FL.1
Earning Income
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