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common formula

Why do we need to use this shorthand so much in business?

Solution Preview

In business some common formula are extensively used, like following examples:

Example 1: NI = [U * (P - Vcu)] - FC
This is an extensively used formula for calculating net income (NI) from number of units sold (U), unit price of item sold (P), variable cost ...

Solution Summary

Shorthand applicability in business is briefly justified.