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Mathematics, 21.02.2021 21:50 hqlego3189

To determine whether a business is making enough profit, the following formula is used:

p= s-c
——
s

where P is relative profit, S is sales and C is costs. If a company has $340 000 worth of sales and $230000 of costs, correct to 2 significant figures, the maximum and minimum relative profit to the appropriate accuracy.

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