To calculate the profit we need to know “What is Profit?” The term Profit refers to the amount which we gained after selling a product. This means the “Selling price” should be more than the “Actual price” or “Cost Price.” Now coming to the calculation of the profit we have a formula i.e Profit(P)= Selling price(SP) – Cost Price (CP) Here we can see the new terms … [Read more...]

During your math calculations, you might need quick conversions between Percentage to Fractions. Then take the help of the Procedure to Convert Percentage to Fraction over here and make your job easy. Know How to Convert a Percent into Fraction by going through the entire procedure listed. Refer to the Solved Examples and learn how to approach them while performing related … [Read more...]

The Major Difference Between Simple Interest and Compound Interest is just that Simple Interest is calculated on the Principal whereas Compound Interest is calculated on the Principal Amount along with the Interest accumulated for a certain period of time. Both Simple and Compound Interest are widely used concepts in the majority of financial services. Check out Solved Example … [Read more...]

In our Day-Day Lives, we see entities such as Population of a City, Value of a Property, Weight of a Child, Height of a Tree that grow over a period of time. We call the Increase in Quantity as Growth and the Growth Per Unit Time is known as the Rate of Growth. If the Growth Rate occurs at the Same Rate then we call it Uniform Increase or Uniform Growth Rate. Check the Formulas … [Read more...]