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Travis Heights Elementary School PTA > School Event > 5th Grade PBL–Food Trucks

5th Grade PBL–Food Trucks

Did you know our 5th graders have been learning about becoming small business owners?  Using their creativity and math skills, they worked on developing a business plan for a food truck.  Specific vocabulary that they developed an understanding of included:

  • expense
  • gross income
  • net income
  • profit
  • loss
  • salary
  • minimum wage
  • property tax
  • payroll tax
  • income tax

Each business had to calculate costs (including tax), determine a price for their product and then calculate whether their business would have made a profit or a loss.  Check out the plan they had to complete for their business: