Money Math · Lesson Plan
Discounts and Scalar Multiplication
The algebra extension of the discount cluster. A matrix is just an organized table of numbers — the way a business might lay out its prices — and scalar multiplication means multiplying every entry by the same number. This lesson uses that to reprice a whole matrix of fares at once: multiply by the fraction of the price still paid and a new price matrix falls out. Six problems with an answer key.
For Teachers
Lesson at a glance
- Topic
- Money Math
- Grade Level
- Grades 6–9
- Resource Type
- Lesson + Worksheet
- Estimated Time
- 30–45 minutes
- Format
- Lesson + worksheet + answer key
- Materials
- Printable lesson, worksheet, answer key, calculator
What Students Learn
Learning objectives
- Explain what a matrix is and why a business would organize prices in one
- Multiply a matrix by a scalar by multiplying every entry
- Write the new matrix that results from a scalar multiplication
- Convert a percent discount into the scalar that gives the new price
- Apply one discount to a whole set of prices in a single step
Materials
What you’ll need
- Printed copies of the lesson and worksheet (one per student)
- Calculators
- Pencils
- Whiteboard or projector for worked examples
Key Terms
Vocabulary
- Matrix
- A way of organizing data in a set of brackets, in rows and columns.
- Scalar
- A single number that a whole matrix is multiplied by.
- Scalar multiplication
- Multiplying every entry of a matrix by the same number.
- Entry
- One number inside a matrix.
- Discount
- A percentage taken off a price.
- Sale price
- The original price minus the discount.
For Teachers
Lesson plan
Estimated time: one 30–45 minute class period.
Lesson sequence
- Introduction (5 min). Review what a discount is, then show a small table of prices and explain that a matrix is simply that table written in brackets — how a company might organize its pricing.
- Scalar multiplication (10 min). Multiply a simple matrix by 2, entry by entry, and write the new matrix. Stress that every entry gets the same treatment.
- Discount a whole matrix (12 min). Work the airline-fare example: a 20% discount means travelers pay 80%, so multiplying the fare matrix by 0.8 produces the new fare matrix in one step.
- Worksheet (13 min). Students practice five scalar multiplications, then discount a matrix of fares.
- Review (5 min). Check answers with the key; confirm each new matrix has the same shape as the original.
Assessment
Assess the completed worksheet against the included answer key.
Discussion
Discussion questions
- Why does a company organize prices in a matrix instead of a list?
- If a discount is 10%, what scalar do you multiply by to get the new prices?
- Why does the new matrix have the same number of rows and columns as the original?
- How is discounting a matrix faster than discounting each price one at a time?
- What other business numbers could be organized in a matrix?
Printable Lesson, Worksheet & Answer Key
Discounts and Scalar Multiplication — Lesson, Worksheet & Answer Key
A printable lesson on matrices and scalar multiplication, a 6-question discount worksheet, and a full answer key.
Unlock the full Money Instructor library
Members get unlimited access to worksheets, lesson plans, and teacher resources across every financial literacy topic — budgeting, taxes, credit, banking, and more.
More Money Math resources
Browse all Money Math resources →
Down Payment Word Problems Lesson
Students solve down-payment word problems — finding the new price after a down payment and working out simple payment plans.
Lesson · Grades 6–8Estimating Differences with Money Lesson
Students learn to estimate money subtraction by rounding to the nearest dollar — a quick real-world shopping check — then practice on fifteen problems.
Lesson · Grades 3 8Evaluating Expressions with Money Lesson
Students learn to write and evaluate algebraic expressions that model money and revenue — substituting a value for the variable — then practice on ten scenarios.
Lesson · Grades 7–12Printables & worksheet tools