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Comparing Quantities and Proportions · Term 2

Profit and Loss: Basic Calculations

Students will define profit and loss, calculate cost price, selling price, profit, and loss amounts.

Key Questions

  1. Differentiate between cost price and selling price.
  2. Explain the conditions under which a business experiences a profit versus a loss.
  3. Construct a scenario where calculating profit or loss is essential.

CBSE Learning Outcomes

CBSE: Comparing Quantities - Class 7
Class: Class 7
Subject: Mathematics
Unit: Comparing Quantities and Proportions
Period: Term 2

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