common formula
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Why do we need to use this shorthand so much in business?
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Solution Summary
Shorthand applicability in business is briefly justified.
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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 ...
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