Year 5 Maths Trip – Fiver Challenge ‘The Fiver Challenge’ is an entrepreneurial project organised by Sir Richard Branson. We had to research, plan, produce and sell a product at our very own ‘Capel Manor Market’ during lunchtimes. Our aim is to make a profit and trade ethically.

We visited Enfield Town Market to conduct some research Which maths skills would we need to use? Addition, subtraction, multiplication & division (we had to calculate if we had the money to make our products!) Creating questionnaires & tables (to record our research into which idea was the best product) Mapping, measuring & timetabling (we had to work out how to get to Enfield Town and how long it would take) Interpreting data (we had to work out what all of the research we collected meant!)

First, we had to organise our trip! We had to plan some product ideas, calculate how much they would cost to make and think of some questions to ask for our questionnaire. We also had to practise conducting our questionnaire with a partner and recording the answers- we had to make sure we were professional for our market research day in Enfield!

We also had to have a back-up plan in case any buses were late! Once we had costed our products and designed a questionnaire, we then needed to work out how to get to Enfield! We researched bus routes using a map and read bus timetables to decide when we needed to leave. We then came up with an itinerary for our day. We also had to have a back-up plan in case any buses were late!

Finally, we travelled to Enfield We used our itinerary to catch the bus and followed our journey on our maps until we reached Enfield Town. We also measured our steps with a pedometer. (We averaged around 7000 steps!) We then asked passers-by to complete our questionnaires about our products and recorded their responses as a tally chart and frequency table.

We also had a meeting with the Manager of Enfield Town Market! He told us how to have a successful business! We must make sure we know the cost of making our product. We must ensure we sell at a price that earns a profit but does not seem expensive to our customers. We must work out percentage profit margins We must make sure the public are aware of our business and we stand out!

Our Next Steps Analyse our data and work out which products are the most popular and how much people are willing to pay for them. Set up our stall and run it. We will need to keep accurate accounts which show how much we are reinvesting into our company and how much profit we are making each day. Work out our percentage of profit made at the end of the task. Decide on a charity which we would like to donate some of our profit to!