UPSKILL MATH PLUS

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Profit and Loss

Methodical recommendation:

Theory

Number Name Description
1. Introduction to profit and loss Let us get introduced to profit and loss.
2. Some key definitions Let us get introduced to the key words linked with profit and loss
3. Some key connections Let us know the connections between C.P., S.P., M.P., discount, profit and loss
4. Some more examples More problems to calculate profit and loss using C.P. and S.P.
5. Word problems on profit and loss Let us get introduced to word problems on profit and loss using C.P. and S.P.
6. Problems using marked price and discounts Calculation of profit and loss using marked price and discounts
7. Word problems using marked price and discounts Word problems using marked price and discounts

Textbook Questions

Number Name Type Difficulty Marks Description
1. Multiple choice question I Other easy 2 m. Choose the right answer based on the statements given.
2. Multiple choice question II Other easy 2 m. Choose the right answer based on the statements given
3. Two mark example problem I Other medium 6 m. Apply the concept of profit and loss and fill out the missing fields.
4. Two mark example problem II Other medium 6 m. Apply the concept of profit and loss and fill out the missing fields.
5. Two mark example problem III Other medium 4 m. Find profit or loss based on the word problem
6. Two mark exercise problem I Other medium 4 m. Apply the concept of profit and loss and fill out the missing fields.
7. Two mark exercise problem II Other medium 6 m. Apply the concept of profit and loss and fill out the missing fields.
8. Two mark exercise problem III Other hard 4 m. Find profit or loss based on the word problem
9. Two mark exercise problem IV Other medium 4 m. Apply the concept of celling price, cost price and discount
10. Two mark exercise problem V Other hard 4 m. Find the profit or loss based on the word problem
11. Three mark example problem I Other medium 3 m. Apply the concept of C.P, S.P, Profit and loss
12. Three mark example problem II Other hard 9 m. Apply the concept of C.P, S.P, Profit and loss
13. Three mark example problem III Other hard 8 m. Apply the concept of C.P, S.P,M.P, discount, profit and loss.
14. Three mark exercise problem I Other easy 9 m. Apply the concept of C.P, S.P, M.P, Discount, Profit and loss
15. Three mark exercise problem II Other easy 6 m. Apply the concept of C.P, S.P, M.P, Discount, Profit and loss
16. Three mark exercise problem III Other medium 6 m. Find the selling price of the given product
17. Four mark example problem I Other medium 8 m. Find the selling price, Cost price, profit and loss of the given products
18. Four mark example problem II Other hard 12 m. Find the cost price, matked price and discount for the given situation
19. Four mark example problem III Other hard 8 m. Find M.P and Discount
20. Four mark exercise problem I Other hard 4 m. Find the value of profit or loss
21. Four mark exercise problem II Other hard 8 m. Find the M.P and S.P
22. Three mark example problem IV Other hard 6 m. Apply the concept of C.P, S.P, Profit and loss

Practice Questions

Number Name Type Difficulty Marks Description
1. Choose the right answer Other easy 3 m. Choose the right answer based on the statements given
2. Choose the right option Other easy 2 m. Recall the theoretical material 'Some key connections' and choose the right answer to the statements given.
3. Identify C.P. and S.P. Other easy 2 m. Read the situation and say which is C.P. and S.P.
4. Find profit and loss Other medium 4 m. Find profit and loss based on C.P. and S.P.
5. Find profit or loss based on the word problem Other medium 4 m. Find profit or loss based on the word problem
6. Enter the missing fields on the table Other medium 4 m. Apply the concept of profit and loss and fill out the missing fields.
7. Problems on marked price, selling price and discounts Other medium 3 m. Apply the concept of marked price, selling price and discounts and find the undefined variable.
8. Word problems on marked price, selling price and discount Other medium 4 m. Apply the concepts of marked price, selling price and discounts, interpret the word problem and find the undefined variable.
9. Enter the relevant fields on the table Other medium 4 m. Apply the concepts from the theoretical material 'Some key connections' and enter the relevant fields.
10. Calculate profit or loss Other medium 5 m. Use total cost price to arrive at the total selling price and calculate the profit and loss.
11. Calculate the selling price and marked price Other medium 4 m. Use the dozen-wise cost price, profit and loss, and discount to calculate the marked price of the dozen products.
12. Calculate profit and loss of two components Other hard 8 m. Use the multiple costs incurred, marked price and the discount offered a to calculate the profit and loss.
13. Read the word problem and fill the fields with relevant answers Other hard 6 m. Use the concept of the theoretical material 'Some key connections' and find the undefined variable.
14. Solve the word problems Other hard 8 m. Use multiple cost price and selling price to calculate the profit and loss.
15. Calculate profit or loss for the conditions given Other hard 5 m. Use two different sets of data to calculate the undefined variable.
16. Give a verdict based on the given situation Other easy 1 m. Read the statement given and come up with the appropriate verdict.
17. Calculate the cost price Other easy 1 m. Use the different kinds of costs incurred and find the total cost price.
18. Find the amounts invested and obtained Other medium 3 m. Use the data to calculate the amount invested and amount obtained.
19. Calculate profit and loss of two objects Other hard 5 m. Read the situation given and calculate the profit and loss for the specified condition
20. Calculate profit or loss based on multiple sets of data Other hard 5 m. Use the two conditions given and calculate the profit and loss

Key Questions for School Exam Preparation

Number Name Type Difficulty Marks Description
1. Find S.P Other medium 3 m.
2. Find S.P and Profit Other medium 8 m. Find the selling price, Cost price, profit and loss of the given products
3. Find profit or loss Other hard 3 m. Apply the concept of C.P, S.P, Profit and loss

Questions for Teacher Use

Number Name Type Difficulty Marks Description
1. Calculate the marked price Other medium 2 m.
2. Find profit or loss Other medium 2 m.
3. Discount Other easy 2 m. Concept of CP
4. Find out the discount of the product Other medium 1 m. Apply the concepts of marked price, selling price and discounts, interpret the word problem and find the undefined variable.
5. Calculate the cost price Other easy 1 m. Use the different kinds of costs incurred and find the total cost price.
6. Determine the loss amount Other medium 2 m.

Tests

Number Name Recomended time: Difficulty Marks Description
1. Homework IV 00:25:00 hard 23 m.

Periodic assessments

Number Name Recomended time: Difficulty Marks Description
1. Homework I 00:30:00 medium 25 m.
2. Homework VI 00:15:00 hard 14 m.
3. Homework II 00:30:00 medium 29 m.
4. Homework III 00:30:00 medium 24 m.
5. Revision 00:25:00 medium 18 m.
6. Revision II 00:30:00 hard 15 m.
7. Periodic Assessment 00:10:00 medium 12 m. PA2
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