Formulas are provided for calculating the perimeter and area of common shapes like squares, rectangles, triangles, parallelograms, circles, and other irregular shapes. The perimeter of a shape is calculated by adding the lengths of all its sides. The area of squares, rectangles, and parallelograms is calculated as length x width. The area of a triangle is 1/2 x base x height. The area of a circle is π x radius2 and the circumference is π x diameter. Following the correct formula for each shape allows accurate calculation of perimeter and area.