Download Free PDF of Selina Concise Solutions for ICSE Class 8 Mathematics Chapter 8 - Profit, Loss, and Discount
FAQs on Concise Mathematics Class 8 ICSE Solutions for Chapter 8 - Profit, Loss and Discount
1. Why are Chapter 8 Profit, Loss, and Discount of class 8 ICSE Maths an important chapter?
As we have seen above, Profit and Loss play an important role in doing any type of trade or running any type of business.
Students of Class 8 might have encountered terms like gain, expense, and discount many times before, but do they know how we calculate profits and losses?
To learn this concept students are required to study ICSE Class 8 Mathematics chapter: 8 Profit Loss and Discount. This chapter consists of the questions that are related to daily life problems, hence making this chapter an important part of life.
2. What are some Best Reference materials for ICSE Class 8 Mathematics?
The Highly recommended Study Material is the Concise Mathematics Textbook by Selina Publishers which can be found in Vedantu.
Because it contains various types of examples & exercises that help in self-assessment. Every concept is described thoroughly in simple language. Hence, this textbook is the most preferred textbook for ICSE Class 8 Mathematics.
Students are advised to go through every chapter provided in the Concise Mathematics Textbook line by line.
Solve all the questions provided in the textbook. You can also refer to the site Vedantu for all Concise Mathematics Class 8 Solutions.
Solving Sample papers and Previous year question papers, is highly recommended for class 8 Mathematics students. Since it is quite helpful for the preparations of examinations and also helps them score better marks, Vedantu provides a set of various sample papers and previous year questions papers for ICSE class 8 mathematics students.
3. Is Profit, Loss, and Discount a hard chapter for class 8 ICSE mathematics students? How much time is required to study this Chapter?
Profit, Loss, and Discount is an easy chapter, students can revise this chapter within the scope of a single day. After learning the basic concepts and applying the formulas students can solve Profit, Loss, and Discount questions easily in very little time.
As we know Profit, Loss, and Discount is a very important chapter. It is also the most frequently asked topic in Class 10 examinations as well as many other competitive examinations. Learning this chapter will also help students in the long run, hence students should not neglect this chapter.
4. How to study Mathematics to get good grades in ICSE Class 8 Mathematics Examination?
Many students think that Mathematics is a hard subject, but it is not as difficult and scary as it sounds.
If you learn Mathematics with the proper planning, then it will become your most scoring subject.
Practice Daily: Maths is a subject in which we cannot learn the chapters just like any other subject. In Maths we have to understand the concept and practice the questions. Students should practice Maths daily because maths is a subject which cannot be mastered just a night before the examinations.
Solve Examples: Students should not try Complex problems from the beginning. If you directly solve the hard questions from the start, then you will get wrong answers which will discourage you from the mathematics subject itself. Hence students should try simple problems first.
Clear Your Doubts: When you get doubts while solving maths, then try to clear them as soon as possible, with the help of your teachers or you can also use Vedantu's online tuition classes to clear doubts.
Note Down All The Formulas: note down all the formulas in a rough copy, so that you can always take a quick revision of all the formulas before your examinations.
Understand the Derivations: don't try to learn a formula, try to find the logic behind it because when you learn the formula, there are chances of forgetting the formula during the examinations.
If you try to study maths with better preparation beforehand then you can easily score good marks in mathematics.
5. What are C.P, S.P, and M.P in Chapter 8 Profit, Loss, and Discount of Class 8 ICSE Mathematics?
C.P stands for Cost Price:
The cost paid by the enterprise for manufacturing an article called 'Cost Price'.
S.P stands for Selling Price:
The Price at which the article is sold to the customer is called 'Selling Price'.
M.P stands for Marked Price:
The Price at which the product is marked (I.e Actual Price which does not include the discount ) is called 'Marked Price'.
Relation:
S.P - C.P = Profit / Gain
C.P - S.P = Loss
M.P - S.P = Discount
