BUS 100 Study Guide - Contribution Margin, Distributive Property, Net Profit
26 Oct 2012
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3. 1 what is to understand the meanings of like terms and. Algebra is generalized arithmetic operations that use letters of the alphabet to represent known or unknown quantities. We can use y to represent a company"s profit or the costs of labour. The letters used to hold the places for unknown quantities are called variables, while known quantities are called constants. Algebra now occupies the centre of mathematics, because it could quantity that may vary in some circumstances. be used to solve a variety of complex problems much faster than using arithmetic methods. Many problems that mathematicians could not solve previously with arithmetic methods can now be solved with algebraic methods. As well, algebra has made it possible to apply mathematics in other areas of human endeavour such as. The only economic planning, pharmacology, medicine, and public health. quantity that can take the place of b is 8, because 12 + 8 =20.
