The document discusses perimeter and area, defining perimeter as the distance all the way around a figure and area as the number of square units needed to cover a surface. It provides formulas for calculating the perimeter and area of squares and rectangles. The perimeter of a square is calculated as P = 4s and the area as A = s^2. For a rectangle, the perimeter formula is P = 2w + 2l and the area formula is A = lw.