Understanding profit and loss with percentages is fundamental in both academic and real-world financial contexts. This topic equips IB MYP 1-3 Mathematics students with the skills to analyze business transactions, make informed decisions, and develop a solid foundation in financial literacy. Mastery of these concepts is essential for navigating various economic scenarios and applications.

Key Concepts

1. Understanding Profit and Loss

Profit and loss are basic financial metrics used to assess the performance of a business transaction.:

Profit occurs when the selling price of an item exceeds its cost price.
Loss happens when the selling price is less than the cost price.

Calculating profit and loss involves determining the difference between the cost price (CP) and selling price (SP) and expressing it as a percentage of the cost price.

2. Cost Price (CP) and Selling Price (SP)

Cost Price (CP) is the original price of an item before it is sold. Selling Price (SP) is the price at which the item is sold to the customer.

These two values are crucial for determining whether a transaction results in profit or loss:

If SP > CP, there is a profit.
If SP < CP, there is a loss.
If SP = CP, there is neither profit nor loss.

3. Profit and Loss Formulas

To calculate profit or loss, use the following formulas:

Profit = SP - CP

Loss = CP - SP

To find the percentage of profit or loss, use:

Profit Percentage = ($\frac{Profit}{CP} \times 100$)

Loss Percentage = ($\frac{Loss}{CP} \times 100$)

4. Marked Price (MP) and Discounts

The Marked Price (MP) is the original price of an item before any discounts are applied. Discounts reduce the selling price below the marked price.

Discount is calculated as:

$$Discount = MP - SP$$

To find the discount percentage:

$$Discount\ Percentage = \left(\frac{Discount}{MP}\right) \times 100$$

5. Relationships Between CP, SP, and MP

Understanding the relationships between cost price, selling price, and marked price is essential for comprehensive financial analysis:

When a discount is given on the marked price, the selling price decreases.
If an item is sold for more than its cost price, the difference is profit.
If an item is sold for less than its cost price, the difference is a loss.

6. Break-Even Point

The Break-Even Point is the situation where total revenue equals total costs, resulting in no profit or loss:

At break-even:

$$SP = CP$$

This concept is vital for businesses to determine the minimum sales required to avoid losses.

7. Practical Examples

Example 1: Calculating Profit

Suppose a shopkeeper buys a bicycle for &dollar;200 (CP) and sells it for &dollar;250 (SP).

Profit = SP - CP = &dollar;250 - &dollar;200 = &dollar;50

Profit Percentage = ($\frac{50}{200} \times 100$) = 25%

Example 2: Calculating Loss

A trader purchases a batch of books for &dollar;500 (CP) and sells them for &dollar;450 (SP).

Loss = CP - SP = &dollar;500 - &dollar;450 = &dollar;50

Loss Percentage = ($\frac{50}{500} \times 100$) = 10%

Example 3: Calculating Discount

An item is marked at &dollar;120. The store offers a discount of 20%.

Discount = ($\frac{20}{100} \times 120$) = &dollar;24

Selling Price = MP - Discount = &dollar;120 - &dollar;24 = &dollar;96

Example 4: Break-Even Analysis

A company has fixed costs of &dollar;10,000 and sells each product for &dollar;50 with a variable cost of &dollar;30 per product.

To find the break-even point:

$$Break\ Even\ Point = \frac{Fixed\ Costs}{SP - Variable\ Cost} = \frac{10000}{50 - 30} = 500\ products$$

The company needs to sell 500 products to cover all costs.

8. Solving Problems Involving Profit and Loss

When tackling profit and loss problems, follow these steps:

Identify the given values: CP, SP, MP, or discount percentage.
Determine whether the scenario involves profit or loss.
Apply the appropriate formulas to calculate the desired values.
Ensure all calculations are accurate and double-checked.

Problem 1: A product is sold at a 15% profit. If the cost price is &dollar;85, find the selling price.

Profit = 15% of CP = $0.15 \times 85 = &dollar;12.75$

SP = CP + Profit = &dollar;85 + &dollar;12.75 = &dollar;97.75

Problem 2: An article is sold for &dollar;180 after a 10% discount. Find the marked price.

Let MP be the marked price.

Discount = 10% of MP = $0.10 \times MP$

SP = MP - Discount = MP - 0.10MP = 0.90MP

0.90MP = &dollar;180

MP = $\frac{180}{0.90} = &dollar;200$

9. Common Mistakes to Avoid

Confusing cost price with selling price.
Incorrectly applying percentages (e.g., applying profit percentage to selling price instead of cost price).
Forgetting to convert percentages to decimals before calculations.
Misinterpreting whether a scenario involves profit or loss.

10. Advanced Concepts

Beyond basic profit and loss calculations, students may explore:

Compound Profit and Loss: Calculations involving multiple transactions affecting overall profit or loss.
Profit and Loss in Fractions and Decimals: Handling more complex numerical representations.
Influence of Taxes: Understanding how taxes impact profit calculations.

Comparison Table

Aspect	Profit	Loss
Definition	When SP > CP	When SP < CP
Formula	Profit = SP - CP	Loss = CP - SP
Percentage Calculation	($\frac{Profit}{CP} \times 100$)	($\frac{Loss}{CP} \times 100$)
Impact on Business	Positive revenue growth	Negative financial performance
Example	Selling a watch for &dollar;150 when CP is &dollar;100 results in &dollar;50 profit	Selling a phone for &dollar;300 when CP is &dollar;350 results in &dollar;50 loss

Summary and Key Takeaways

Profit and loss are determined by comparing selling price with cost price.
Formulas for calculating profit and loss percentages are essential tools.
Understanding marked price and discounts aids in accurate selling price calculations.
Break-even analysis helps businesses determine necessary sales to avoid losses.
Careful step-by-step problem-solving ensures accuracy in financial calculations.

Examiner Tip

Tips

Remember the mnemonic "CSP" for Cost, Sell, Profit to keep track of values. To quickly determine if there's a profit or loss, subtract CP from SP: if positive, it's profit; if negative, it's loss. Practice converting percentages to decimals by dividing by 100 to streamline your calculations during exams.

Did You Know

Did you know that the concept of profit and loss dates back to ancient civilizations like Mesopotamia, where merchants used basic arithmetic to manage trade? Additionally, understanding profit margins is crucial in today's e-commerce boom, where algorithms often optimize pricing strategies in real-time to maximize profits.

Common Mistakes

One frequent error is applying the profit percentage to the selling price instead of the cost price. For example, if the CP is $80 and the profit is 25%, students might incorrectly calculate SP as $100 (25% of 80 is 20 added to CP) instead of recognizing it's based on CP. Another mistake includes neglecting to convert percentage rates into decimals before performing calculations, leading to inaccurate results.

FAQ

What is the difference between profit and revenue?

Profit is the amount remaining after all costs and expenses are deducted from revenue. Revenue is the total income generated from sales before any deductions.

How do you calculate the selling price if you know the cost price and profit percentage?

Use the formula: SP = CP + (CP × Profit Percentage).

Can a business have both profit and loss in different transactions?

Yes, a business can have profits in some transactions and losses in others. The overall financial health depends on the net result of all transactions.

What is break-even analysis used for?

Break-even analysis determines the minimum number of units that must be sold to cover all fixed and variable costs, resulting in no profit or loss.

How does discount affect profit margin?

A discount reduces the selling price, which can decrease the profit margin unless the cost price is also adjusted accordingly.

Is it possible to have a high selling price and still incur a loss?

Yes, if the selling price does not sufficiently cover the cost price and other expenses, a high selling price alone may not prevent a loss.

1. Algebra and Expressions

1.1 Simplifying and Rearranging Expressions

1.1.1 Combining Like Terms

1.1.2 Using the Distributive Property

1.1.3 Simplifying Expressions with Brackets

1.1.4 Rearranging Terms to Standard Form

1.1.5 Factoring Common Factors from Terms

1.2 Expanding and Factorising Single Brackets

1.2.1 Expanding Single Bracket Expressions

1.2.2 Factoring Common Terms from Expressions

1.2.3 Understanding the Reverse Process of Expansion

1.2.4 Creating Equivalent Expressions through Expansion

1.2.5 Solving Problems Involving Bracket Expansion

1.3 Using Algebra in Word Problems

1.3.1 Creating Algebraic Expressions from Word Problems

1.3.2 Modeling Relationships Using Expressions

1.3.3 Solving Real-Life Problems with Algebra

1.3.4 Writing Multi-Step Expressions from Situations

1.3.5 Checking Solutions for Word-Based Expressions

1.4 Substitution into Expressions and Formulae

1.4.1 Substituting Values into Simple Expressions

1.4.2 Substitution with Negative and Decimal Values

1.4.3 Using Substitution in Real-World Formulae

1.4.4 Evaluating Algebraic Formulas with Given Values

1.4.5 Solving Problems Using Substitution Techniques

1.5 Introduction to Variables and Constants

1.5.1 Understanding the Use of Letters in Math

1.5.2 Defining Constants and Coefficients

1.5.3 Recognizing Like and Unlike Terms

1.5.4 Using Variables in Real-Life Situations

1.5.5 Building Expressions from Verbal Descriptions

1.6 Writing and Interpreting Algebraic Expressions

1.6.1 Translating Words into Algebraic Expressions

1.6.2 Interpreting Algebraic Expressions in Context

1.6.3 Creating Expressions from Situational Problems

1.6.4 Forming Expressions with Multiple Terms

1.6.5 Constructing Expressions with Brackets

2. Geometry – Properties of Shape

2.1 Triangles, Quadrilaterals, and Polygons

2.1.1 Classifying Triangles by Sides and Angles

2.1.2 Properties of Isosceles, Equilateral, and Right Triangles

2.1.3 Understanding Interior Angles of Polygons

2.1.4 Properties of Squares, Rectangles, Parallelograms, and Trapeziums

2.1.5 Sum of Interior and Exterior Angles in Polygons

2.2 Symmetry and Tessellations

2.2.1 Identifying Line Symmetry in Shapes

2.2.2 Understanding Rotational Symmetry

2.2.3 Creating Symmetrical Designs

2.2.4 Tessellating Shapes and Patterns

2.2.5 Exploring Regular and Irregular Tessellations

2.3 Congruence and Similarity

2.3.1 Understanding Congruent Shapes

2.3.2 Testing for Congruence with Rigid Transformations

2.3.3 Exploring Similar Shapes and Proportionality

2.3.4 Using Scale Factors to Determine Similarity

2.3.5 Applications of Congruence and Similarity in Real Life

2.4 Circle Properties and Terminology

2.4.1 Naming Parts of a Circle: Radius, Diameter, Chord, Arc

2.4.2 Understanding Central Angle and Circumference

2.4.3 Drawing Circles with Compass and Ruler

2.4.4 Exploring Tangents and Secants (Introductory)

2.4.5 Symmetry and Angle Properties in Circles

2.5 Angle Rules and Proofs

2.5.1 Using Geometric Reasoning to Find Missing Angles

2.5.2 Angle Sum in a Triangle and Quadrilateral

2.5.3 Vertically Opposite and Corresponding Angles

2.5.4 Alternate Interior and Exterior Angles

2.5.5 Solving Problems with Justification and Proof

2.6 Lines, Angles, and Their Properties

2.6.1 Identifying Types of Lines and Angles

2.6.2 Complementary, Supplementary, and Vertical Angles

2.6.3 Angles on a Straight Line and Around a Point

2.6.4 Angle Relationships in Parallel Lines and Transversals

2.6.5 Constructing and Measuring Angles with Protractor

3. Ratio, Proportion & Percentages

3.1 Direct and Inverse Proportion

3.1.1 Understanding Direct Proportion Relationships

3.1.2 Solving Problems Involving Direct Proportion

3.1.3 Understanding Inverse Proportion Relationships

3.1.4 Solving Problems Involving Inverse Proportion

3.1.5 Real-Life Applications of Proportionality

3.2 Simple and Compound Percentages

3.2.1 Understanding Percentages as Fractions and Decimals

3.2.2 Finding a Percentage of a Quantity

3.2.3 Solving Percentage Increase and Decrease Problems

3.2.4 Understanding Compound Percentage Growth

3.2.5 Applications of Compound Interest and Depreciation

3.3 Percentage Increase and Decrease

3.3.1 Calculating Percentage Change

3.3.2 Identifying Percentage Markups and Discounts

3.3.3 Comparing Percentage Gains and Losses

3.3.4 Solving Real-Life Percent Change Scenarios

3.3.5 Using Percentage Multipliers

3.4 Reverse Percentage Problems

3.4.1 Understanding the Concept of Reverse Percentages

3.4.2 Finding Original Amounts Before Change

3.4.3 Solving Markup and Discount Reversal Problems

3.4.4 Real-World Applications of Reverse Percentage

3.4.5 Using Equations to Solve Reverse Percentages

3.5 Applications in Profit, Loss, Discounts, and Tax

3.5.1 Calculating Profit and Loss with Percentages

3.5.2 Using Discounts in Shopping Scenarios

3.5.3 Understanding and Applying Sales Tax

3.5.4 Solving Net Price and Final Cost Problems

3.5.5 Applying Multiple Percent Changes Together

3.6 Understanding Ratios and Equivalent Ratios

3.6.1 Defining Ratios and Their Notation

3.6.2 Simplifying Ratios to Lowest Terms

3.6.3 Finding Missing Values in Equivalent Ratios

3.6.4 Ratio Word Problems in Real-Life Contexts

3.6.5 Ratios Involving More Than Two Quantities

3.7 Solving Ratio Problems in Context

3.7.1 Sharing Amounts in a Given Ratio

3.7.2 Adjusting Quantities Using Ratios

3.7.3 Comparing Ratios in Real-World Scenarios

3.7.4 Applying Ratios to Scale Models and Maps

3.7.5 Ratio-Based Recipes and Mixtures

4. Patterns, Sequences & Algebraic Thinking

4.1 Arithmetic and Geometric Sequences

4.1.1 Introduction to Arithmetic Sequences

4.1.2 Finding Common Differences

4.1.3 Recognizing Geometric Sequences

4.1.4 Calculating Common Ratios

4.1.5 Comparing Arithmetic and Geometric Sequences

4.2 General Rules and nth Terms

4.2.1 Understanding nth Term Concept

4.2.2 Finding nth Term Formula for Arithmetic Sequences

4.2.3 Using nth Term to Predict Future Terms

4.2.4 Evaluating Terms Using nth Term Rule

4.2.5 Solving Problems with nth Term in Context

4.3 Pattern Recognition in Real Life

4.3.1 Patterns in Nature and Architecture

4.3.2 Cultural Patterns in Art and Design

4.3.3 Patterns in Calendar and Time Systems

4.3.4 Patterns in Music and Rhythm

4.3.5 Analyzing and Explaining Real-World Patterns

4.4 Algebraic Patterns and Expressions

4.4.1 Using Letters to Represent Numbers

4.4.2 Creating Expressions from Patterns

4.4.3 Forming Rules from Visual Sequences

4.4.4 Writing and Interpreting Pattern-Based Expressions

4.4.5 Evaluating Expressions Derived from Patterns

4.5 Number Patterns and Sequences

4.5.1 Identifying Patterns in Number Series

4.5.2 Creating Patterns Using Rules

4.5.3 Finding the Next Term in a Sequence

4.5.4 Generating Terms from Position-to-Term Rule

4.5.5 Describing Patterns Using Words and Symbols

4.6 Visual and Spatial Patterns

4.6.1 Tiling and Tessellation Patterns

4.6.2 Symmetry in Visual Patterns

4.6.3 Pattern Growth in Shapes

4.6.4 Fractal Patterns and Repetition

4.6.5 Identifying Pattern Rules in Diagrams

5. Statistics – Averages and Analysis

5.1 Working with Grouped Data

5.1.1 Grouping Data into Class Intervals

5.1.2 Estimating Mean from Grouped Data

5.1.3 Finding the Modal Class

5.1.4 Calculating Midpoints for Intervals

5.1.5 Using Frequency Tables with Class Intervals

5.2 Finding Missing Data with Given Averages

5.2.1 Using the Mean to Find a Missing Value

5.2.2 Solving Problems with Given Total and Frequency

5.2.3 Word Problems Involving Unknowns in Data Sets

5.2.4 Creating Balanced Data Sets

5.2.5 Validating Solutions with Back-Substitution

5.3 Box Plots and Interquartile Range

5.3.1 Understanding the Structure of a Box Plot

5.3.2 Finding the Five-Number Summary

5.3.3 Calculating and Interpreting the Interquartile Range

5.3.4 Drawing Box Plots from Data Sets

5.3.5 Comparing Data Sets Using Box Plots

5.4 Statistical Misuse and Real-World Applications

5.4.1 Recognizing Misleading Graphs

5.4.2 Common Errors in Average Interpretation

5.4.3 Manipulating Data for Persuasion

5.4.4 Critically Evaluating Data in Media

5.4.5 Ethical Use of Statistics

5.5 Calculating Mean, Median, Mode, and Range

5.5.1 Finding the Mean of a Data Set

5.5.2 Identifying the Median Value

5.5.3 Determining the Mode in a Data Set

5.5.4 Calculating the Range and Interpreting It

5.5.5 Handling Data Sets with Repeated or Missing Values

5.6 Comparing and Interpreting Averages

5.6.1 Comparing Mean, Median, and Mode in Context

5.6.2 Identifying Outliers and Their Effects

5.6.3 Choosing the Most Appropriate Average

5.6.4 Using Averages to Summarize Data

5.6.5 Analyzing Real-Life Data with Averages

6. Number Concepts & Systems

6.1 Understanding Different Types of Numbers

6.1.1 Natural and Whole Numbers

6.1.2 Integers and Their Uses

6.1.3 Even, Odd, and Prime Numbers

6.1.4 Rational vs Irrational Numbers

6.1.5 Real Number System Overview

6.2 Rational and Irrational Numbers

6.2.1 Defining Rational Numbers

6.2.2 Defining Irrational Numbers

6.2.3 Rational Numbers as Terminating and Repeating Decimals

6.2.4 Irrational Numbers in Square Roots and Pi

6.2.5 Visualizing Rational vs Irrational on a Number Line

6.3 Rounding, Estimation, and Approximation

6.3.1 Rounding Whole Numbers

6.3.2 Rounding Decimals to Given Places

6.3.3 Estimating Sums and Differences

6.3.4 Estimating Products and Quotients

6.3.5 Significant Figures and Scientific Estimation

6.4 Place Value and Number Representation

6.4.1 Place Value in Large Numbers

6.4.2 Decimal Place Value and Precision

6.4.3 Reading and Writing Numbers in Words

6.4.4 Expanded and Standard Forms

6.4.5 Comparing and Ordering Decimals

6.5 Comparing and Ordering Numbers

6.5.1 Number Line Representation

6.5.2 Ordering Positive and Negative Numbers

6.5.3 Inequalities and Symbols

6.5.4 Rounding Numbers to Nearest 10, 100, 1000

6.5.5 Rounding Decimals to Significant Figures

6.6 Prime, Composite, and Square Numbers

6.6.1 Prime Numbers up to 100

6.6.2 Composite Numbers and Their Properties

6.6.3 Square Numbers and Their Patterns

6.6.4 Perfect Squares and Their Roots

6.6.5 Applications of Square Numbers in Geometry

6.7 Factors, Multiples, LCM, and HCF

6.7.1 Finding Factors of a Number

6.7.2 Finding Multiples of a Number

6.7.3 Prime Factorization Using Factor Trees

6.7.4 Lowest Common Multiple (LCM)

6.7.5 Highest Common Factor (HCF or GCD)

6.8 Positive and Negative Numbers (Integers)

6.8.1 Representing Integers on Number Line

6.8.2 Comparing and Ordering Integers

6.8.3 Absolute Value of an Integer

6.8.4 Using Integers in Real-Life Contexts

6.8.5 Opposites and Zero on the Number Line

7. Geometry – Measurement & Calculation

7.1 Surface Area of Cubes, Cuboids, and Prisms

7.1.1 Understanding Surface Area Conceptually

7.1.2 Surface Area of a Cube

7.1.3 Surface Area of a Rectangular Prism

7.1.4 Surface Area of Triangular Prisms

7.1.5 Solving Surface Area Problems in Context

7.2 Volume of Cubes, Prisms, and Cylinders

7.2.1 Volume of a Cube

7.2.2 Volume of a Rectangular Prism

7.2.3 Volume of a Triangular Prism

7.2.4 Introduction to Volume of Cylinders

7.2.5 Solving Volume Problems with Units

7.3 Compound Shapes and Nets

7.3.1 Breaking Down Compound Shapes into Simple Parts

7.3.2 Area and Perimeter of Compound Shapes

7.3.3 Drawing and Interpreting Nets of 3D Shapes

7.3.4 Surface Area Using Nets

7.3.5 Constructing 3D Shapes from Nets

7.4 Scale Drawings, Maps, and Bearings

7.4.1 Understanding Scale in Maps and Blueprints

7.4.2 Creating and Interpreting Scale Diagrams

7.4.3 Reading Bearings and Compass Directions

7.4.4 Measuring Bearings with a Protractor

7.4.5 Solving Problems with Bearings and Distances

7.5 Conversion of Units (Length, Area, Volume)

7.5.1 Converting Between Metric Length Units

7.5.2 Converting Area Units (cm², m², km²)

7.5.3 Converting Volume Units (cm³, m³, L)

7.5.4 Using Unit Conversion in Word Problems

7.5.5 Common Mistakes in Unit Conversion

7.6 Perimeter and Area of 2D Shapes

7.6.1 Calculating Perimeter of Squares and Rectangles

7.6.2 Finding Perimeter of Irregular Shapes

7.6.3 Area of Rectangles, Triangles, and Parallelograms

7.6.4 Area of Trapeziums and Compound Shapes

7.6.5 Solving Word Problems Involving Perimeter and Area

8. Equations, Inequalities & Formulae

8.1 Solving Inequalities and Representing on Number Lines

8.1.1 Understanding Inequality Symbols

8.1.2 Solving One-Step Inequalities

8.1.3 Solving Two-Step Inequalities

8.1.4 Graphing Inequalities on a Number Line

8.1.5 Interpreting Inequalities in Real-Life Scenarios

8.2 Building and Solving Equations from Word Problems

8.2.1 Translating Word Problems into Equations

8.2.2 Solving Problems Involving Age and Time

8.2.3 Using Equations in Geometry Problems

8.2.4 Creating and Solving Multi-Step Word Problems

8.2.5 Checking Solutions in the Context of the Problem

8.3 Using and Manipulating Formulae

8.3.1 Substituting Values into Given Formulae

8.3.2 Rearranging Formulae to Solve for a Variable

8.3.3 Using Standard Formulae (Area, Volume, Speed)

8.3.4 Solving Problems Involving Real-Life Formulae

8.3.5 Creating Formulae from Contextual Situations

8.4 Formulas in Real-World Contexts (Area, Speed, etc.)

8.4.1 Using the Formula for Area of Shapes

8.4.2 Applying the Speed = Distance ÷ Time Formula

8.4.3 Using Volume and Surface Area Formulas

8.4.4 Solving Finance-Related Formula Problems

8.4.5 Interpreting and Rewriting Real-Life Formulas

8.5 Solving One-Step and Two-Step Equations

8.5.1 Understanding Equality and Balance

8.5.2 Solving One-Step Addition and Subtraction Equations

8.5.3 Solving One-Step Multiplication and Division Equations

8.5.4 Solving Two-Step Linear Equations

8.5.5 Solving Equations with Decimals and Fractions

8.6 Equations with Brackets and Fractions

8.6.1 Expanding Brackets Before Solving

8.6.2 Solving Equations with Variables on Both Sides

8.6.3 Solving Equations Involving Fractions

8.6.4 Clearing Fractions in Equations

8.6.5 Solving Equations with Distribution and Simplification

9. Probability and Outcomes

9.1 Theoretical vs Experimental Probability

9.1.1 Defining Theoretical Probability

9.1.2 Conducting Simple Probability Experiments

9.1.3 Comparing Theoretical and Experimental Results

9.1.4 Understanding Variability in Results

9.1.5 Improving Accuracy with Larger Samples

9.2 Single and Combined Events

9.2.1 Probability of a Single Event Occurring

9.2.2 Using Frequency to Estimate Probability

9.2.3 Introduction to Independent Events

9.2.4 Calculating Combined Probabilities (Basic)

9.2.5 Solving Real-Life Problems with Combined Events

9.3 Probability with Dice, Coins, and Spinners

9.3.1 Probability of Rolling a Die

9.3.2 Probability of Flipping a Coin

9.3.3 Using Spinners to Model Probability

9.3.4 Using Multiple Dice or Coins

9.3.5 Creating Fair and Biased Models

9.4 Using Tree Diagrams and Venn Diagrams (Introductory)

9.4.1 Understanding Tree Diagrams for Two Events

9.4.2 Calculating Basic Probabilities Using Tree Diagrams

9.4.3 Interpreting Simple Venn Diagrams

9.4.4 Using Venn Diagrams to Solve Set Problems

9.4.5 Exploring Overlapping and Disjoint Events

9.5 Introduction to Probability and Probability Scale

9.5.1 Understanding Probability as a Measure

9.5.2 Probability Scale from 0 to 1

9.5.3 Language of Probability (Certain, Likely, etc.)

9.5.4 Describing Events as Likely or Unlikely

9.5.5 Identifying Impossible and Certain Events

9.6 Listing Outcomes: Sample Space Diagrams

9.6.1 Using Lists and Tables to Find Outcomes

9.6.2 Drawing Sample Space Diagrams

9.6.3 Counting Outcomes for Combined Events

9.6.4 Systematic Listing Methods

9.6.5 Using Tree Diagrams to List Outcomes (Introductory)

10. Geometry – Coordinates and Transformations

10.1 Plotting Points and Interpreting Coordinates

10.1.1 Plotting Geometric Shapes on a Grid

10.1.2 Finding Missing Coordinates in Shapes

10.1.3 Identifying Shapes from Plotted Points

10.1.4 Solving Problems Using Coordinate Geometry

10.1.5 Understanding Midpoint Between Two Points

10.2 Translating, Reflecting, Rotating Shapes

10.2.1 Translating Shapes on a Grid

10.2.2 Reflecting Shapes Over Axes

10.2.3 Rotating Shapes Around the Origin

10.2.4 Describing Transformations in Words

10.2.5 Combining Multiple Transformations

10.3 Enlargement and Scale Factor

10.3.1 Understanding Enlargement and Dilation

10.3.2 Using Positive and Negative Scale Factors

10.3.3 Finding the Center of Enlargement

10.3.4 Drawing Enlarged Shapes Using Grid Methods

10.3.5 Comparing Original and Enlarged Shapes

10.4 Combining Transformations

10.4.1 Applying Two or More Transformations Sequentially

10.4.2 Identifying Final Image After Multiple Transformations

10.4.3 Describing a Sequence of Transformations

10.4.4 Using Coordinates to Track Shape Movement

10.4.5 Solving Word Problems Involving Transformations

10.5 Understanding the Cartesian Plane

10.5.1 Identifying the X and Y Axes

10.5.2 Plotting Points in All Four Quadrants

10.5.3 Reading and Interpreting Coordinates

10.5.4 Describing Positions Using Coordinates

10.5.5 Understanding Axes Symmetry in Coordinates

11. Data Handling and Representation

11.1 Frequency Tables and Tally Charts

11.1.1 Creating Frequency Tables from Raw Data

11.1.2 Using Tally Charts for Counting

11.1.3 Reading and Interpreting Frequency Data

11.1.4 Grouping Data into Class Intervals

11.1.5 Using Frequency Data for Further Calculations

11.2 Bar Charts, Line Graphs, Pie Charts

11.2.1 Drawing and Interpreting Bar Charts

11.2.2 Plotting and Analyzing Line Graphs

11.2.3 Constructing Pie Charts with a Protractor

11.2.4 Converting Frequency into Angles for Pie Charts

11.2.5 Choosing the Right Graph for the Data

11.3 Stem-and-Leaf Diagrams and Dot Plots

11.3.1 Understanding Stem-and-Leaf Format

11.3.2 Creating and Interpreting Stem-and-Leaf Diagrams

11.3.3 Identifying Median and Mode from Stem-and-Leaf

11.3.4 Plotting Dot Plots from Small Data Sets

11.3.5 Comparing Data Sets Using Dot Plots

11.4 Choosing the Best Data Representation

11.4.1 Understanding Strengths of Different Graph Types

11.4.2 Matching Data Types to Appropriate Charts

11.4.3 Avoiding Misleading Graphs

11.4.4 Using Visual Aids for Data Presentation

11.4.5 Justifying Graph Choices in Reports

11.5 Types of Data: Discrete and Continuous

11.5.1 Understanding Discrete vs Continuous Data

11.5.2 Identifying Data Types in Real-Life Examples

11.5.3 Choosing Appropriate Data Collection Methods

11.5.4 Organizing Data by Type

11.5.5 Comparing Discrete and Continuous Graphs

11.6 Designing and Conducting Surveys

11.6.1 Creating Effective Survey Questions

11.6.2 Avoiding Bias in Data Collection

11.6.3 Choosing Sample Size and Target Group

11.6.4 Conducting Surveys and Recording Responses

11.6.5 Representing Survey Results Visually

12. Mathematical Modelling and Real-World Applications

12.1 Interpreting Graphs in Context

12.1.1 Reading Graphs Representing Real-Life Situations

12.1.2 Describing Trends and Patterns in Graphs

12.1.3 Identifying Key Points: Maxima, Minima, and Intercepts

12.1.4 Relating Graph Shape to Real-World Meaning

12.1.5 Comparing Different Graphs Representing the Same Data

12.2 Optimization and Cost Calculations

12.2.1 Finding the Best Value Among Options

12.2.2 Using Unit Cost to Compare Products

12.2.3 Solving Discount and Offer Problems

12.2.4 Minimizing Waste in Packaging or Cutting

12.2.5 Using Math to Support Financial Decisions

12.3 Designing Investigations and Using Math to Model

12.3.1 Formulating a Mathematical Investigation Question

12.3.2 Collecting and Organizing Relevant Data

12.3.3 Choosing the Right Representation for the Model

12.3.4 Making Assumptions and Estimations in Modelling

12.3.5 Interpreting Results and Drawing Conclusions

12.4 Math in Everyday Technology and Society

12.4.1 Understanding Algorithms and Flowcharts

12.4.2 How GPS and Navigation Use Math

12.4.3 Exploring Patterns in Digital Media

12.4.4 Applications of Math in Mobile Apps and Games

12.4.5 Ethics and Impact of Data Usage in Society

12.5 Math in Finance: Budgeting and Currency

12.5.1 Creating a Simple Budget Plan

12.5.2 Understanding Income and Expenses

12.5.3 Currency Conversion and Exchange Rates

12.5.4 Solving Word Problems on Spending and Saving

12.5.5 Planning for Short-Term and Long-Term Expenses

12.6 Distance, Speed, and Time Problems

12.6.1 Understanding the Relationship Between Speed, Distance, and Time

12.6.2 Using the Formula: Speed = Distance ÷ Time

12.6.3 Solving Problems with Unit Conversions

12.6.4 Using Graphs to Represent Motion

12.6.5 Solving Multi-Step Journey Problems

13. Number Operations and Applications

13.1 Order of Operations (BODMAS/PEDMAS)

13.1.1 Understanding the Order of Operations

13.1.2 Applying Rules to Whole Numbers

13.1.3 Applying Rules with Fractions and Decimals

13.1.4 Expressions with Brackets and Exponents

13.1.5 Common Mistakes in BODMAS Problems

13.2 Divisibility and Remainders

13.2.1 Divisibility Rules for Numbers 2–10

13.2.2 Finding Remainders in Division

13.2.3 Prime Divisors and Factorization

13.2.4 Applications of Remainders in Context

13.2.5 Testing for Divisibility in Large Numbers

13.3 Operations with Whole Numbers

13.3.1 Addition and Subtraction of Whole Numbers

13.3.2 Multiplication and Division of Whole Numbers

13.3.3 Properties of Operations

13.3.4 Using Brackets in Calculations

13.3.5 Estimating and Checking Calculations

13.4 Word Problems in Arithmetic

13.4.1 Single-Step Word Problems

13.4.2 Multi-Step Word Problems

13.4.3 Choosing the Correct Operation

13.4.4 Solving with Units and Conversions

13.4.5 Modeling Problems with Diagrams

13.5 Operations with Decimals

13.5.1 Place Value in Decimals

13.5.2 Adding and Subtracting Decimals

13.5.3 Multiplying and Dividing Decimals

13.5.4 Converting Between Fractions and Decimals

13.5.5 Real-Life Applications of Decimals

13.6 Real-World Problem Solving Using Numbers

13.6.1 Math in Shopping and Discounts

13.6.2 Banking, Savings, and Transactions

13.6.3 Math in Cooking and Recipes

13.6.4 Using Math in Travel and Time Zones

13.6.5 Estimating in Daily Life Situations

13.7 Operations with Fractions

13.7.1 Equivalent Fractions

13.7.2 Simplifying Fractions

13.7.3 Adding and Subtracting Fractions

13.7.4 Multiplying and Dividing Fractions

13.7.5 Fractions in Measurement and Context

13.8 Mixed Numbers and Improper Fractions

13.8.1 Converting Between Mixed and Improper Forms

13.8.2 Adding and Subtracting Mixed Numbers

13.8.3 Multiplying and Dividing Mixed Numbers

13.8.4 Word Problems Involving Mixed Numbers

13.8.5 Applications in Geometry and Measurement

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Calculating Profit and Loss with Percentages

Introduction