Commercial Mathematics

Commercial Mathematics applies arithmetic to business and financial calculations.

Introduction To Commercial Mathematics

Commercial Mathematics applies arithmetic to business and financial calculations, including profit, loss, and taxes.

Important Terms

This section covers key financial terms necessary for understanding commercial mathematics, including cost price, selling price, profit, loss, and discount.

Important Formulae

This section outlines key formulae used in commercial mathematics, focusing on profit, loss, selling price, cost price, discount, and taxation concepts.

Overhead Charges

Overhead charges are additional expenses, such as packaging and transportation, added to the cost price to determine the effective cost price.

Goods And Services Tax (Gst)

Goods and Services Tax (GST) is a comprehensive tax on the supply of goods and services, calculated on the transaction value.

Successive Discounts

Successive discounts involve applying multiple discounts sequentially to a marked price, leading to a modified selling price.

Taxation Concepts

This section covers the fundamental concepts of taxation, including how to calculate the cost to consumer and the selling price before tax.

Simple Interest

This section introduces the concept of Simple Interest, its formula, and how it applies in financial calculations.