Profit and Loss in Financial Maths Lesson
Learn all about Profit and Loss in Financial Maths in this full lesson video!
Grade 8 Maths
Term 1
Whole Numbers
CAPS aligned
Content covered in this Profit and Loss in Financial Maths lesson:
Concepts you will learn in this Profit and Loss in Financial Maths lesson:
- Profit and loss terminology
- profit
- loss
- markup
- cost price
- selling price
- Calculating profit and loss
- Learn how to calculate profit and loss based on the selling price and cost price.
- Learn how to work with the percentage markup.
Lesson format:
- During the video, I spend time teaching and explaining about the concepts covered in the lesson.
- I give full examples where I show you how to answer problems, showing all working out.
- You will have a chance to work on practice examples with a timer – this will help you to get used to working with a time limit (a necessary skill for when you need to do tests and exams).
- I go through all the practice examples in detail after you have had time to complete them, so that you can see how you did – and where you went wrong if you made mistakes.
Get the worksheet that goes with this lesson
The worksheet includes the examples I go through in the lesson – and in some cases there may be sections that you can fill in on the worksheet instead of needing to copy everything down during the lesson (like tables etc).
The worksheet also comes with an extra exercise for you to use to practice the concepts taught in this lesson after you have finished the video.
Additionally, the worksheet includes answer sheets – with fully worked out solutions, so you can check your work and see how to complete the problems in the exercise step-by-step.
