Skip to main content
Super TutorResources
Chapter 10 of 25
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Study Plan

Profit, Loss and Discount

ICSE · Class 7 · Mathematics

Step-by-step guide to study Profit, Loss and Discount in ICSE Class 7 Mathematics. Topics to cover, practice strategy, and time allocation.

92 questions22 flashcards5 concepts

Interactive on Super Tutor

Studying Profit, Loss and Discount? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for study plan and more.

Try Super Tutor — Free

1,000+ Class 7 students started this chapter today

Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas, and key concepts.

2
Day 3

Practice Problems

Solve textbook exercises and additional practice questions. There are 92 questions available for this chapter.

3
Day 4

Revise & Test

Revise key formulas and concepts without looking at notes. Take a practice quiz to test your understanding. Mark weak areas for re-revision.

4
Day 7

Spaced Revision

Revisit Profit, Loss and Discount after a week. Use flashcards for quick recall. Solve previous year questions from this chapter.

What to Focus On

  • C.P. means the purchase price.
  • S.P. means the sale price.
  • Higher S.P. than C.P. gives profit.

  • Find gain or loss first when needed.
  • Add gain to C.P. to get S.P.
  • Subtract loss from C.P. to get S.P.

  • Make quantities equal before comparing C.P. and S.P.
  • Find unit price when numbers of articles differ.
  • Direct comparison of totals gives wrong answers.

Common Mistakes to Avoid

Profit percent is calculated on selling price.

Loss percent is calculated on selling price.

Discount percent is calculated on selling price.

Memory Tips

Cost Price definition

Selling Price definition

Profit and loss meaning

Profit formula

Want a personalised study plan?

Super Tutor creates a day-by-day plan for ICSE Class 7 Mathematics that adapts to your exam date and pace.

Create My Study Plan — Free

Frequently Asked Questions

What are the important topics in Profit, Loss and Discount for ICSE Class 7 Mathematics?
Profit, Loss and Discount covers several key topics that are frequently asked in ICSE Class 7 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Profit, Loss and Discount — ICSE Class 7 Mathematics?
Understand the core concepts first, then work through the 92 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Profit, Loss and Discount

All 25 chapters — ICSE Class 7 Mathematics Study Plan

For serious students

Get the full Profit, Loss and Discount chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 7 Mathematics.

Try Super Tutor Free
Try the full chapter — Free