This class on profit and loss is designed for 7th-grade students to help them understand basic financial concepts that are essential for daily life and later studies in mathematics. The class will introduce students to the definitions of cost price, selling price, profit, and loss, and teach them how to calculate each of these using simple formulas. Through practical examples and real-life scenarios, students will learn how profit and loss work in commerce and business, helping them develop an understanding of transactions and financial literacy.

Students will learn key skills such as identifying when a profit or loss occurs, calculating percentage profit or loss, and using these calculations to solve practical problems. They will also explore related topics like discounts and mark-ups, which are common in real-world shopping scenarios.

Students should bring notebooks pen or pencils for exercises. Active participation and readiness to solve problems will enhance their learning experience.