What is Ratio:- A ratio is a relationship in quantity or degree between two things.
Next
What is Percentage:- A percentage is a ratio, fraction, or portion of a whole which is represented as 100.
Next
What is Discount:- A reduction made from a regular price or marked price.
Next
What is Cost Price:- Cost price is also known as CP. cost price is the price of an item that we pay to buy that item.
What is Selling Price: The selling price is also known as SP. The selling price is the price of an item on which we sold that item.
What is Profit: Profit is the amount of money that we make after subtracting expenses from revenue.
What is Loss: Loss is the amount of money that we lose after selling an item, where the cost price is greater than the selling price.
What is Sales Tax/ VAS/ GST: An additional charge or a compulsory fee that is levied by a government on an individual or an organization to collect revenue for public works.
Next
What is Simple Interest: Simple interest is the interest that is charged on borrowing. Simple interest is calculated using an original principal amount only.
Next
What is Compound Interest: Compound interest is an interest which applies not only to the initial principal of a loan, but also to the accumulated interest.
