In this chapter of Consumer Arithmetic, we will consider Cost price, Selling price Profit & Loss and Profit & Loss percentage. Consumer Arithmetic may be seen as "Business mathematics". We live in a world where it is critical and very important to be flexible. Consumers are essential to our everyday lives as without them businesses would not exist. We need consumers to repeat business, make money to survive and live the lifestyles we desire.
Now that we have seen a little bit about why Consumer arithmetic is important, let us continue to the meat of the matter, the business.