Abstract:
How does a plumber determine what his/her hourly rate should be, or a hairdresser determine how much to charge for a haircut? If they go to a bank for a loan, then the manager will want some assurances that the rates charged will keep the business afloat. We describe the work some Year 9 and 10 students did as they engaged in these activities and set up their own virtual business and discuss aspects of the work.