- Sponsorship -

Profiting from Basic Math


Though some may think it’s crummy, 10th-graders Madalyn Austin and Rebekah Hoyle said The Snacky Sleeper is the perfect lazy-evening, popcorn-munching luxury: a “comfortable, supportive memory foam pillow” with a pouch for snacks.

“The Snacky Sleeper keeps your snacks in great, undamaged condition,” said Madalyn as the duo delivered a slideshow presentation including different views of the product they developed.

“Our pillow is easy to use, it saves time. It’s not only good for kids and teenagers, but it’s also helpful and comfortable, and it’s safe for sleeping,” Rebekah said.

But did their product really have teeth? That would be up to the Sharks to decide. The Sharks, a panel of Godwin Heights High School educators who took on the persona of business-savvy millionaires, evaluated the pillow, circling in closely on math the students used to estimate potential profit.

They did the same for products like Toasty Toes, a battery operated toe warmer; The Boomer, a Bluetooth-enhanced cell-phone case; PakTele, a backpack-phone combination that works to contact 911 in an emergency; and the Diskinizer, a video-game organizer that uses a robotic arm.

Madalyn Austin, left, and Rebekah Hoyle ponder the offers made for their Snacky Sleeper business

Let’s Talk Numbers

Students used math to develop their pitches to the Sharks, seated in front of them in the style of TV show “Shark Tank.”

Algebra 2 teacher James Rex started the game last year to provide students a lesson in business, while learning the math involved in bringing a product to market. Students developed the products, brainstormed materials, researched all costs and came up with estimates.

“Sometimes they come up with things that are super-creative, and sometimes they come up with things that are super-unrealistic,” Rex said. “You want to encourage that creative element of it and give them the freedom to explore their ideas and think through it, but also to ground them in the math and the feasibility of some of those things.”

During presentations, Rex based his offers on the math. “I feel like I trick them into talking about their numbers,” he said. “That’s where I get the bang for my buck in terms of their learning. They are up there talking about math in a high-pressure situation. I try to keep it light, relaxed and fun for them.”

From left, Amiya Harris, Destiny Craig and Josefa Shields discuss offers for their product, The Boomer

Snacky Sleeper: Sink or Swim?

Showing their work through algebraic equations and graphs, Madalyn and Rebecca calculated each Snacky Sleeper would cost $15 to produce; monthly rent for manufacturing space would cost $30,000; and monthly wages for employees at $10 per hour for a 40-hour week would cost $16,000. By selling each pillow at $25 they would profit $10 per pillow.

“When we break even it will be at 5,500 pillows sold (per month),” Rebekah said.

Their request for the Sharks: $60,000 in investment for 40 percent of the company.

While Principal Chad Conklin said he has an aversion to food in his bed and would not invest for that reason, Rex took a bite at the offer, though he questioned if the company could sell enough pillows to make a profit.

“I see potential. I see this as being something millennials would use,” he said. “My offer is $80,000 for 50 percent of the company.”

Math coach Molly Mosketti also made an offer: $60,000 for 45 percent of the company. “I’m thinking this might be a covert way for parents to enjoy a snack,” she said.

Students said the project allowed them to learn how to do calculations in a fun way and have a real-life experience in pitching a product.

“I liked debating with the sharks,” said Jalisa Lopez-Longoria, who helped pitch PakTele. “I like how we got to pick our product and find our own numbers to figure out the prices we want to use.”

CONNECT

Shark Tank Math

Shark Tank Introduction Video

From left, math teacher Patti Reeder, science teacher Grace Boersma, science teacher Derek Stoneman and math coach Molly Mosketti mull over students’ investment proposals

- Sponsorship -
Erin Albanese
Erin Albanese
Erin Albanese is associate managing editor and reporter, covering Byron Center, Kentwood, Wyoming and Grand Rapids Community College. She was one of the original SNN staff writers, helping launch the site in 2013 and enjoys fulfilling the mission of sharing the stories of public education. She has worked as a journalist in the Grand Rapids area since 2000. A graduate of Central Michigan University, she has written for The Grand Rapids Press, Advance Newspapers, On-the-Town Magazine and Group Tour Media. Read Erin's full bio

LATEST ARTICLES

School library renamed in honor of ‘a true educator’

In her 12 years as principal of the former Henry Park Elementary School, she fixed many problems – both academic and material – for her largely impoverished students...

‘It really represents this year’

A pandemic year of missed events and safety protocols calls for a unique vision for the annual book of memories...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

- Sponsorship -

Issues in Education

Students feel welcome in a district with ‘flags of every country’

In the state’s most diverse district, students weigh in on what it means to them to go to school with peers from all over the globe...

SNN Editorial

Gauging the fallout from the pandemic on learning

While parents and educators use assessments to determine many kinds of student learning, a local researcher urges caution with testing from the pandemic year...
- Sponsorship -

MEDIA PARTNERS

Maranda Where You LiveWGVU

SUSTAINING SPONSORS