Introduction to LeaP-Quest Profit and Loss

We all know that profit is when you earn more money than you spent . loss is when you spent more than you earn.

In this LeaP-Quest students from class 6 to 10 and give them the opportunity to:-

• Teaches us how to make smart financial choices by comparing costs and benefits.
• Make monthly or yearly budgets by analyzing past spending and savings.
• Identify and reduce extra expenses to increase profit.
• Analyzing  which deal or sale gave more profit or less loss.
• Helps identify risky deals and avoid repeating loss-making choices.
• Make monthly or yearly budgets by analyzing past spending and savings.

Problem Statement - 1

Your school is organizing a Food Festival where each group of students will run their own food stall. Each group has been given a  budget of RS 2000 within which they have to prepare food items, decide their pricing, and sell them to maximize profit.

Guidelines:- 

Task for Students:

1. Plan your stall: Decide 3–5 food items (e.g. sandwich, lemonade, noodles, etc.)
   selling price should be competative
2. Create Spread sheet with the following:
    
   • Item name
      
   • Cost Price per unit (include ingredients + packaging = fixed cost)
      
   • Selling Price per unit
      
   • Quantity prepared
      
   • Quantity sold
      
   • Total Cost 
      
   • Total Revenue 
   • Profit 
      
   • %Profit 
      
3. Highlight the most profitable item.
    
4. Create a bar chart: Item-wise Profit
    
5. Calculate break-even point

resources:
https://www.geeksforgeeks.org/courses

Login to ITE portal  and upload your Model or Project by clicking here

(Make sure you select Subject as Physics and topic as "profit and loss")

Suggested ICT applications but not limited to:

• MBlock
• Python
• spread sheet
• scratch

Problem Statement - 2   profit and loss tracking system 

"A vegetable vendor purchases and sells different types of vegetables each day. His main goal is to understand how much profit he is making from each type of vegetable daily, how much of it is going to waste (spoiled), and which vegetable is generating the most or least profit (or loss). Currently, he maintains all his records on paper, which leads to errors and prevents him from accurately estimating his profits. A system needs to be developed that helps him track daily sales, losses (due to spoiled vegetables), and overall profit or loss."

Guidelines:- 

 talk to the vegetable vendor about 
1.How much of each vegetable was sold
2.How much of each vegetable got spoiled
3.type of vegitable he sell.

4.what does he do with the spoiled vegetables

5.where does he buy the vegetables from

6.Which vegetables are more perishable?

7.which vegetables are sold most often

8.Purchase and selling price of each vegetable

9.Trends shown via graphs/reports 

Login to ITE portal  upload your Solution or Project by clicking here

(Make sure you select Subject as maths and topic as "profit and loss")

Suggested ICT applications but not limited to:

• Spreadsheet / Excel
• Animaker
• Scratch Animation

Resources:

1. https://apeda.gov.in/FreshFruitsAndVegetables
2. https://www.taropumps.com/blog/vegetables-and-india

Problem Statement - Daily Expensess

 You have to  creat a monthly budget for your house with the help of which you can save as much as possible.

Guidelines:- 

What  Can you Include:

Income:
 Daily Expenses 

Planning a Budget:

Track Actual Spending

What is costing the most?

On what things can you reduce your expenses

Calculate Profit or Loss:

Login to ITE portal  and upload your Solution or Project by clicking here

(Make sure you select Subject as maths and topic as "Profit and losss")

Suggested ICT applications but not limited to:

• Spreadsheet / Excel
• Animaker
• Scratch Animation
• Python

resources

 Problem Statement - 4 

Design a business plan where students use their festival gift cash to create a mini-marketplace on campus (physical or online), selling products or services that cater to their peers. Track the profit/loss and customer response during the exam or festive rush period.

Key Focus Areas:

Demand-supply dynamics in student communities

Marketing and pricing strategies

Profitability tracking

Student buying behavior

• Powerpoint 
• spred sheet
  Animaker
  Scratch Animation

Resources

 Problem Statement - 5

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