Lesson Notes By Weeks and Term - Senior Secondary School 2

Browse through topics for Senior Secondary 2 1st, 2nd and 3rd Terms, All Weeks, All Subjects

Term: 3rd 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

1. Calculate gross and net profits

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 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

1. gross profit = Revenue – cost of sales

= N 100,000 – N 50, 000

= N 50,000

1. net profit = Gross profit – other expenses

= N 50,000 – N 25,000

= N 25,000

EVALUATION:   1. What is the formula for finding the

1. gross profit
2. net profit
3. Revenue= N80,000

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