Children return to school Mon 8th April

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Monday 11th May- Year 5 Home Learning: Topic

Good morning Year 5!

Today we continue with our project, creating a new animal-themed tourist attraction for Stratford-upon-Avon.

Your work today focuses on the budget and costs of the project as well as a profit prediction. Read the information below carefully to help you calculate the costs involved. Take it one step at a time, and take your time to make sure you do it properly without missing out anything.

Building Costs

This depends on the size of your attraction. On average, it costs £3000 per square metre. So, if your attraction takes up 5 square metres, it would be far too small, but it would cost £3000 x 5 = £15,000 to build. If it takes up 20 square metres, it would cost you £3000 x 20 = £60,000 to build. Your attraction though will most likely take up double or even triple that space! First, work out how many square metres your attraction will take up. Use your map from before, or use google maps and the scale on it to check the area you have selected to build it on. Then, multiply the amount of area by £3000 to calculate how much it will cost to build it.

Opening Costs

Are you going to open 7 days a week? Or fewer days per week? To keep your attraction open, animals fed and cared for, power and water supplied each day etc, costs money. See below to see the cost per day for one enclosure:

Animal care= £23 per enclosure

Power= £7 per enclosure

Water= £11 per enclosure

Remember, these are costs for one enclosure per day. So, if you have one area for pigeons, and another area for magpies, your attraction is not only boring but has two enclosures. Therefore, one day would cost (£23×2)+(£7×2)+(£11×2)= £46+£14+£22= £82. If you have even more enclosures, you will need to spend more to keep it open, so calculate it carefully!

Staffing

You will need to have people working at your attraction. You will need at least one member of staff for each area. Don’t forget, that will also include the restaurant, gift shop and ticket desk as well as for each animal enclosure. Below is information about the minimum wage in the UK. This is how much each person must receive per hour working at your attraction.

How many hours will you be open for each day? If you are open for 5 hours, one member of staff will receive £8.72 x 5 = £43.60 for that day. If you have 5 members of staff working for you, you will pay your staff £43.60 x 5 = £218 per day. If you are open 7 days a week, you will pay your 5 members of staff £218 x 7 = £1526 each week. How many weeks will you be open for each year. If you never close, you’ll be open for 52 weeks, which means you will pay your 5 members of staff £1526 x 52 = £79,352 per year. This needs to be remembered when working out your profit.

Profit

How much will you charge for admission to your attraction? You don’t want to be greedy and too expensive so people will come, but you want to cover the costs of your attraction and staffing. Be sensible and plan for the worst case scenario- how many people would visit on average each day? 20 adults and 10 children? Do you think more or less? It’s up to you.

If you charge each adult £6 for example, and you receive 20 adults each day, that would be £6 x 20 = £120 per day. Per week, those 20 adults would bring £120 x 7 = £840. Each year, that would bring you £840 x 52= £43,680. Would that cover all of the costs involved? You’ll need to plan it carefully.

Explain your costs involved carefully. Organise it with subheadings like above. Show your working out for each step, explaining each calculation as above. When you have completed this work, please email it to us so we can see it. y5upload@broadheath.coventry.sch.uk

71 responses to “Monday 11th May- Year 5 Home Learning: Topic”

  1. Armaan R.

    Cost of the Building the Sea life centre.
    3000 x 30sqm = £90,000.

    Animals cost to keep
    Animals (fishes) Total 500
    £23 x cost of one fish 23 x 500 = 11,500 cost of fishes .

    Cost of animals enclosure/ tanks.
    £20 x tank for 10 fishes = 200
    £200 x 50 tanks = £10,000 to keep 500 fishes .

    Food / Water
    £15 x 50 tanks = 750 a week x 52 weeks = £39,000.

    Power
    £7 x 50 tanks = £350 x 52 weeks = £18,200 .

    Employees wages costing.
    10 employees
    1 x £8.72 x 40 hours = £348.80
    £348.80 x 5 = £1744 a month x 12 = £20,928 x 10 employees =
    £ 209,280.

    21- 24 years old
    x 5 employees
    £ 8.20 x 40 = £ 328 x 5 = £1640
    £1640 a month x 12 = £ 19680
    £ 19680 x 5 employees = £98,400

    18-20 years old x 5 employees
    £6.45 x 40 = 258 a week x 5 = £ 1,290
    £1290 x 12 months = £15,480 x 5 employees = £ 77,400 .

    16-17 years old x 4 employees
    £4.55 x 20 hours = 91 a week x 5 £455.

    £455 x 12 months = 5,460

    Ticket prices.
    Adults = £30 x 30 adults a day
    Children = £20 x 120 children a day

    Adults = £30 x 30 = 900 x 7 x 5 x 12 = £ 378,000
    Children = £20 x 120 = £2,400 a day x 5 x 12 =£ 1,008,000

    Total cost for £497,320
    Ticket prices = £1,386,000

    End profit = £ 888,680

  2. Fatima G.

    I have done this

  3. Fatima G.

    I got it wrong and did a car center sorry

  4. Aamir K.

    My cost will be £150000 because I have to do 50 x 3000 because my land is 50 x 50 square metres.

    Animal care: £1000.
    Water supply: £8000.

    The payment for staff = £100 per hour
    They will work for 8 hours so they get £800 in total.
    A weeks payment will be 800 x 7 = 5600.

    Adult = £20.
    Teenager = £15.
    Children = £10.
    Baby to toddler = £5.

  5. Lakeysha M.

    I can’t find the square meter for my place .

  6. I have done it and will send it over to you

  7. Lexi S.

    My land will be 124,000 pound

    Minimum wage for a week:1344 that x 16 because I will have 16 staff one for a cafe, one for the front desk six for out side and 8 for inside to check on the cats and dogs that will be £21504 for all of them ( that how much it will be altogether they will get £1344 a week)
    Power! 24 pounds
    Beds for cats and dogs! This will be 438 pound because they are £9 each and we will have 24cats and 24 dogs!
    Bowls: this will be £293,51 because there are 48 cats and dogs all together!
    Water: 120 a day
    Food: 120 a day 60 pound cats 60 pound dogs!
    Training outside! Pet hurdle £2 we will buy 10 so that will be £20
    There will be a fence all around this so they can’t escape this will be about 150,000 pounds!

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