About Lesson
In the ICSE Class 7 Mathematics curriculum, the topic of profit, loss, and discount introduces students to the concepts of cost price, selling price, profit, loss, and discount. Students learn to calculate profit or loss percent, selling price, and discount percent. They also learn to solve problems related to successive discounts, marked price, and discount amount. This topic helps students develop skills in calculating and understanding financial transactions, which are useful in real-life situations.