Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Arithmetic
Profit and Loss
Cost and Revenue Analysis
Formulas
Total Cost = Number of items ordered × Cost per item
Revenue = Number of items sold × Selling price per item
Refund = Number of items returned × Cost per item
Return Charge = Number of items returned × Charge per returned item
Profit = Revenue + Refund - Total Cost - Return Charge
Theorems
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Suitable Grade Level
Grades 6-8