Class 8 Math: Comparing Quantities Quick Revision Chapter Summary
Need to review the entire chapter before a test? This quick revision guide summarizes all the core concepts, topics, and equations taught in Class 8 Comparing Quantities to help you refresh your memory instantly.
Core Topics At a Glance
### š Ratios and Percentages review Ratios compare two quantities. Percentages compare quantities relative to 100.
### š Finding increase/decrease percent Percentage change measures the relative increase or decrease of a quantity relative to its initial value.
### š Discounts and Markups Discount is the reduction in the Marked Price (MP) of an item. Markup is the increase added to the Cost Price.
### š Sales tax, VAT, and GST bills Sales tax, VAT, and GST are government taxes added to the selling price of items, paid by the buyer.
### š Compound Interest formula and APY Compound interest is calculated on the principal and the interest accumulated over previous periods.
### š Compounding half-yearly When compounding half-yearly, interest is calculated twice a year. The rate is halved, and the compounding periods are doubled.
Key Formulas Mind Map
- Compound Interest Amount: `A = P\left(1 + \frac{R}{100}\right)^n` - Future accumulated value under annual compounding interest....
Revision Checklist
- Review the subtopic guides and outline notes.
- Practice writing the key formulas from memory.
- Solve at least 3 worked examples and check your steps.
- Take a timed practice quiz to verify your speed.