Lesson Notes By Weeks and Term - Senior Secondary School 2

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  4. Profit I

Term: 3rd Term

Week: 8

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:    Commerce

Topic:-      Profit I

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Explain the meaning of profit
  2. Discuss the types of profit

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on the lmportance and uses of capital

Students pay attention

STEP 2

EXPLANATION

She explains the meaning of profit

 

Students pay attention and participates

STEP 3

DEMONSTRATION

She discusses the types of profit

 

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

PROFIT

Profit is the money you have left after paying for business expenses

 

TYPES OF PROFIT

  1. Gross profit This is the excess of sales revenue over the cost of goods sold .It shows the total profit before deducting all the expenses. Gross profit is determined in the trading account.
  2. Net profit: This is the excess of gross profit over the total expenses of the business at a given period .This is the real profit of a business. It is determined by preparing the profit and loss account.

 

EVALUATION:   1. Explain the meaning of profit

  1. State and explain the types of profit

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively