Problem Overview

Problem

Problem Title: Yearbooks Course: Algebra 1 Author(s): Kim Dawson

The yearbook class wants to make an informed decision on how much they should charge for each yearbook and what type of yearbook to purchase. They want to determine the risk, how many yearbooks they would need to sell to break even and the maximum amount of money they could earn. No matter which type they decide on, they will preorder 200 yearbooks. Type of Yearbook Paperback Hardcover Cost to print each yearbook $15 $25

The yearbook class has come up with a few pricing options. First option: Students would pay $20 per paperback yearbook Second option: Students would pay $25 per yearbook paperback yearbook Third option: Students would pay $35 per hardcover yearbook Fourth option: Students would pay $45 per hardcover yearbook

Standards/Big Ideas Addressed Linear Equations: Students write and graph linear equations in two variables. They find the x and y-intercept of lines. Likely units/big ideas that came before Likely units/big ideas that come after this this problem problem
Most likely done after writing and graphing equations in slope-intercept form. Students should know: How to graph a line Equations in standard and point-slope form.

Assumptions about Student Prior Knowledge

Phase

Facilitation Notes Anticipated Student Notes/tips including Action time for phase

Assessment

Roll out (k/ntk/next steps)

Knows: Yearbook needs to determine which type of yearbook and how much to sell them They will order 200 yearbooks Paperbacks cost $15 to print Hard covers cost $25 to print They are investigating four different selling options: o Paperbacks for $20 each o Paperbacks for $25 each o Hard covers for $35 each o Hard covers for $45 each Need to find the risk, number of yearbooks to break even and the maximum profit for each Need to knows How do we determine risk? How do we determine when they will break even? Next Steps Write equations Make x-y tables graph Students will most likely either began writing equations or finding out the total possible profit for each.

Total time about 25 minutes. Have students create k/ntk list in groups. Share out as a class. Brainstorm next steps in their groups. Share out next steps as a class. Have groups decide which step they are going to do first.

Student work time

Sharing out

Groups will share out what they have tried so far.

Students could be grouped in pairs or groups of four. If students decide to split the four option up among the group members, make sure they are aware of each persons next step. Have each group share out what their first step

Students should be listening and asking questions as groups are presenting.

Work time*

Students will take ideas that they heard from other groups and continue to try to find the possible risk, number of yearbooks needed to break even and possible profit. Students should be taking notes and learning the vocabulary for xintercepts and yintercepts. Students should learn to find the intercepts both graphically and algebraically since they might be solving the equation in either method. Groups share out the way in which the approached the problem and their recommendations to the yearbooks class.

Direct instruction * (this can occur at different times, as long as students work on the problem first) Final Action on Problem

was, how it is going and what they are going to do next. Allow students the opportunity to ask one another questions to clarify their process. It would be a good idea to walk around at this point and make sure that all the students in the group are on the same page and communicating with one another. Groups might have a difficult time finding the number of yearbooks needed to sell to break even. Offer a workshop to students to find the breaking even and possible risk (xintercept and yintercept). Students could be graded in content literacy, oral communication and professionalism (work ethic).

*These are typically optional, depending upon the nature/quality of the initial sharing out of students.

Extension Practice Problems

Follow Up The yearbook class has decided that they want to offer both paperback and hardcover yearbooks. Please help them decide how many of each to order.

Solution to Problem (just cut/paste below this bar) Potential Solution 1: Students could solve algebraically. First option: y = 20 x 15 ( 200 )

y = 20 (0) 15 ( 200 ) Risk y = 0 3000 y = 3000

0 = 20 x 15 (200 )

Breaking even

0 = 20 x 3000 3000 = 20 x 150 = x

y = 20 ( 200 ) 15 ( 200 ) Maximum amount of money y = 4000 3000 y =1000

Second option: y = 25 x 15 ( 200 )

y = 25 (0) 15 (200 ) Risk y = 0 3000 y = 3000

0 = 25 x 15 ( 200 ) 0 = 25 x 3000 Breaking even 3000 = 25 x 120 = x

y = 25 ( 200 ) 15 ( 200 ) Maximum amount of money y = 5000 3000 y = 2000

Third Option: y = 35 x 25 ( 200 )

y = 35 (0) 25 ( 200 )

Risk y = 0 5000
y = 5000

0 = 35 x 25 ( 200 ) 0 = 35 x 5000 Breaking even 5000 = 35 x 142 .9 x

y = 35 ( 200 ) 25 ( 200 ) Maximum amount of money y = 7000 5000 y = 2000

Fourth option: y = 45 x 25 ( 200 )

y = 45 (0) 25 ( 200 ) Risk y = 0 5000 y = 5000

0 = 45 x 25 ( 200 )

Breaking even

0 = 45 x 5000 5000 = 45 x 111 .1 x

y = 45 ( 200 ) 25 ( 200 ) Maximum amount of money y = 9000 5000 y = 4000

Potential Solution 2: Students could solve it graphically.

Yearbooks
5000 4000 3000 2000 1000 Profit 0 -1000 0 -2000 -3000 -4000 -5000 -6000 Number of Yearbooks Sold 50 100 150 200 250 1st Option 2nd Option 3rd Option 4th Option

Possible Solution 3: Students could decide to order a variety of types of yearbooks that add up to 200 and sell them at different prices. For example, they may decide to order 100 hard cover and 100 paperback and look at the different pricing options.