Formula Centre

Formula guides and key subject rules for every grade and subject, with worked examples and practice.

Grade 7 EMS essentials

EMS • Essential reference • Grade 7

Profit = Income − Expenses
IncomeMoney received (R)
ExpensesMoney spent (R)

When to use it

Use for personal budgets and business financial literacy.

Worked example

R5 000 income − R3 800 expenses = R1 200 profit.

Common mistakes

  • Confusing cash received with profit.

Practice question

Prepare a simple budget and calculate the surplus.

Grade 8 EMS essentials

EMS • Essential reference • Grade 8

Profit = Income − Expenses
IncomeMoney received (R)
ExpensesMoney spent (R)

When to use it

Use for personal budgets and business financial literacy.

Worked example

R5 000 income − R3 800 expenses = R1 200 profit.

Common mistakes

  • Confusing cash received with profit.

Practice question

Prepare a simple budget and calculate the surplus.

Grade 9 EMS essentials

EMS • Essential reference • Grade 9

Profit = Income − Expenses
IncomeMoney received (R)
ExpensesMoney spent (R)

When to use it

Use for personal budgets and business financial literacy.

Worked example

R5 000 income − R3 800 expenses = R1 200 profit.

Common mistakes

  • Confusing cash received with profit.

Practice question

Prepare a simple budget and calculate the surplus.