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Profit Calculations & Learning Math
05-24-2003, 07:48 PM,
 TheOne Member Posts: 119 Threads: 53 Joined: May 2003 Reputation: 0
Profit Calculations & Learning Math
Teaching Math in 1950
A logger sells a truckload of lumber for \$100.
His cost of production is 4/5 of the price.
What is his profit?

Teaching Math in 1960
A logger sells a truckload of lumber for \$100.
His cost of production is 4/5 of the price, or \$80.
What is his profit?

Teaching Math in 1970
A logger exchanges a set "L" of lumber for a set "M" of money.
The cardinality of set "M" is 100. Each element is worth one dollar.
Make 100 dots representing the elements of the set "M."
The set "C", the cost of production contains 20 fewer points than set "M."
Represent the set "C" as a subset of set "M" and answer the following question
What is the cardinality of the set "P" of profits?

Teaching Math in 1980
A logger sells a truckload of lumber for \$100.
His cost of production is \$80 and his profit is \$20.
Your assignment Underline the number 20.

Teaching Math in 1990
By cutting down beautiful forest of trees, the logger makes \$20.
What do you think of this way of making a living?
Topic for class participation after answering the question
How did the forest birds and squirrels feel as the logger cut down the trees?

Teaching Math in 2002
A logger sells a truckload of lumber for \$100.
His cost of production is \$120.
How does Arthur Andersen determine that his profit margin is \$60?
(courtesy of mindconnection.com.)

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