Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Business Studies
Lesson Topic: what profit is
Learning Objective/s:
  • Define profit and differentiate it from cash flow.
  • Explain the four main types of profit and show how each is calculated.
  • Analyse why profit is important for performance, finance and decision‑making.
  • Apply the profit formula to simple numerical examples.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed worksheets with profit tables
  • Calculators
  • Handout of profit formulas and key points
 Introduction:
Begin with a quick question: “If a shop sells £500 of goods but its costs are £450, what does that tell us about its success?” Review students’ prior knowledge of revenue and costs, then state that by the end of the lesson they will be able to define profit, calculate different profit measures and explain why profit matters.
Lesson Structure:
  1. Do‑now (5’): Students calculate profit from a simple revenue‑cost scenario on mini‑whiteboards.
  2. Mini‑lecture (10’): Define profit, present the basic formula and contrast profit with cash flow using slides.
  3. Guided practice (12’): Work through gross, operating, PBT and net profit calculations together, filling a table on the board.
  4. Independent activity (10’): Worksheet where pupils compute each profit type for a case study.
  5. Check for understanding (8’): Quick Kahoot quiz or exit ticket asking why profit is vital for a business.
Conclusion:
Recap the key points: the profit measures, how to calculate them, and their role in business decisions. Students complete an exit ticket stating one reason profit is essential. For homework, assign a short problem set requiring calculation of each profit type from new data.