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What are the formulas of comparing quantities?
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What are the formulas of comparing quantities?
Profit or Gain = Selling Price - Cost Price = SP - CP Profit = CPX(Profit%) Loss = Cost price - Selling price = CP - SP Loss = CPX(Loss%) Profit % = SP−CP CP X100= Profit CP X100 Loss % = CP−SP CP X100= Loss CP X100 Important: Profit or Loss always calculated on Cost price Only. Discount = Marked price - Selling Price = MP - SP

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What are the formulas of comparing quantities?
Understanding Quantity Comparison
Comparing quantities is essential in mathematics and real-world applications. The following formulas and concepts are fundamental for effectively comparing different quantities.
1. Ratio
- A ratio expresses the relationship between two quantities.
- It is written in the form a:b, where 'a' and 'b' are the quantities being compared.
- Example: The ratio of 4 to 2 is expressed as 4:2, which simplifies to 2:1.
2. Percentage
- Percentage is a way to express a quantity as a fraction of 100.
- The formula to calculate percentage is:
(Part/Whole) × 100
- Example: If a student scores 45 out of 50, the percentage is (45/50) × 100 = 90%.
3. Proportion
- Proportion states that two ratios are equal.
- It can be expressed as a/b = c/d, where a, b, c, and d are quantities.
- Example: If 1/2 = 2/4, then these two ratios are in proportion.
4. Difference
- Difference is simply the subtraction of one quantity from another.
- The formula is:
Difference = Quantity 1 - Quantity 2
- Example: If Quantity 1 is 10 and Quantity 2 is 7, the difference is 10 - 7 = 3.
5. Average
- The average is the sum of quantities divided by the number of quantities.
- The formula is:
Average = (Sum of all quantities) / (Number of quantities)
- Example: For quantities 4, 8, and 12, the average is (4 + 8 + 12) / 3 = 8.
Using these formulas, you can effectively compare and analyze different quantities in various contexts.
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What are the formulas of comparing quantities?
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