3.3.4

Profit, Interest & Discount

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Financial Terms

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Profit and loss

  • If money made - costs is positive then this value is called profit.
  • If money made - costs is negative then this value is called loss.
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Interest

  • Interest means newamountoriginalamountoriginalamount\frac{new\:amount - original\:amount}{original\:amount} and is a percentage increase.
  • The rate of interest is the percentage increase.
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Discount

  • Discount means newamountoriginalamountoriginalamount\frac{new\:amount - original\:amount}{original\:amount} and is a percentage decrease.

Jump to other topics

1Number

1.1Place Value

1.2Factors & Multiples

1.3Operations

1.4Fractions, Decimals & Percentages

1.5Growth & Decay

1.6Measurements & Units

1.7Accuracy

2Algebra

3Ratio, Proportion & Rates of Change

4Geometry & Measures

5Probability

6Statistics

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