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Mathematics
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Mathematics
Financial Management
Mathematics
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Financial Management
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Cost price
Price of goods obtained by dealers.
Selling price
Price of goods sold to the buyers
The profit
When the selling price is higher than the cost price
The loss
When the cost price is higher than the selling price
The profit calculation formula
Profit = selling price - cost price
The discount
Price cut from the original price
The discount calculation formula
The discount = the original price - the new price
Bill
A written statement on the purchase of goods or services received
Rebate
The deduction of a certain amount of payment or the return of part of the money after buying an item.
Rebate calculation formula
Rebate = Total bill - total payment
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