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Term: 3^{rd} Term
Week: 9
Class: Senior Secondary School 2
Age: 16 years
Duration: 40 minutes of 2 periods each
Date:
Subject: Commerce
Topic: Profit II
SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to
INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source
INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures
INSTRUCTIONAL PROCEDURES
PERIOD 12
PRESENTATION 
TEACHER’S ACTIVITY 
STUDENT’S ACTIVITY 
STEP 1 INTRODUCTION 
The teacher reviews the previous lesson on profit 
Students pay attention 
STEP 2 EXPLANATION 
She teaches the students the formula for finding the gross profit and net profit

Students pay attention and participates 
STEP 3 DEMONSTRATION 
She solves some calculations on gross and net profits

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
CALCULATING GROSS AND NET PROFITS
Gross Profit = Revenue – Cost of goods sold
Net profit = Gross profit – operating expenses and taxes
EXAMPLES
Revenue= N100,000
Cost of sales = N 50,000
Other expenses = N 25,000
Find the gross profit and net profit
SOLUTION
= N 100,000 – N 50, 000
= N 50,000
= N 50,000 – N 25,000
= N 25,000
EVALUATION: 1. What is the formula for finding the
Cost of sales = N 30,000
Other expenses = N 10,000
Find the gross profit and net profit
CLASSWORK: As in evaluation
CONCLUSION: The teacher commends the students positively