loss calculator maths

Real Estate Calculator. This results in ~ 10 % reflected power and ~ 0.46 dB mismatch loss. How can I calculate the losses in the most accurate way? Want to master mathematics then use our various calculators prevailing on Probabilitycalculatorguru and gain more knowledge on all maths concepts. Understanding the concept of how the loans for cars, trucks, homes, schooling or other purposes work also requires deep knowledge of how EMI are calculated and how much you need to invest. (Cost Price) and S.P. Enter details of the Income and Expenses for the business. We also state it as percentage loss. Unable to complete the action because of changes made to the page. Therefore, the shopkeeper made a profit of Rs 2 on selling a pen. Other MathWorks country They need to select a place where they might feel comfortable and peaceful to sit and study for hours. Savings Calculator This one takes a lump sum of money and compounds it monthly over a fixed period of time at a fixed annual yield. Profit Percentage formula is P%=[(SP-CP)/CP]*100.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[970,90],'onlinecalculator_guru-leader-2','ezslot_13',109,'0','0'])};__ez_fad_position('div-gpt-ad-onlinecalculator_guru-leader-2-0'); Revenue is the total amount of income generated by the sale of goods or services. MP = Rs. Therefore, profit is equal to the increase in the value and profit percentage is equal to the increased percentage. Online Profit Calculator tool is useful to check your profits in any business in no time. More recently this has been dropped/corrected as seen in the table provided here. Amortization Calculator. You have to enter the probability of failure and loss details and press the calculate button to check the risk in a split of seconds. There are 4 steps involved to properly use the loss ratio formula: The premiums, or the total premiums earned, is the total amount of premiums paid to the insurance company by all its policies. Expense fields can be customized to suit your needs. Before, getting ahead to know the formula for percentage loss, let us know first the formula of Loss. Analyzing your Profit and Loss However, the two main reasons for a high loss ratio are typically misinterpreting the risk profiles of clients and the inefficient operation of the insurance company. Want to find complex math solutions within seconds? Understand the complete syllabus and be ready with the appropriate guidance and solutions. 50 and the selling price is Rs. We provide you year-long structured coaching classes for CBSE and ICSE Board & JEE and NEET entrance exam preparation at affordable tuition fees, with an exclusive session for clearing doubts, ensuring that neither you nor the topics remain unattended. S.P. = 100- 80 = 20 Loss= 20. Find the percentage of gain or loss. Given below are the profit and loss examples found in real life: Find the Selling price of a bicycle of Rs 700 if. For example, a plot was purchased at Rs 50,000 and three years later it was sold at Rs 1,50,000 then there is a profit of 1 lakh. Q4. Expense incurred to produce and distribute the item. Increased value = Increase %=\[\frac{{increase}}{{Original{\text{ }}Value}} \times 100\], Current Value = 6 lakhs + 3 lakhs = 9 lakhs. Chapter 10 Profit and Loss Test Paper Maths - Percentage - Part 3 How to calculate percentage of profit-loss - English Watch on Q1. In this example, the loss adj. 3. In the case of profit, the selling price is always more than the cost price. It is used to calculate the increase in the value of the commodity or product. Increase %=\[\frac{{increase}}{{Original{\text{ }}Value}} \times 100\] whereas Profit %=\[\frac{{profit}}{{\operatorname{Cos} t{\text{ }}price}} \times 100\]. Expected Monetary Value Criterion Sometimes it also includes overhead expenses, transportation cost, etc. The Math Calculator will evaluate your problem down to a final solution. Hence, the man had a loss of five lakh rupees here. Mathematicians seek out patterns, formulate new conjectures, and establish the truth by rigorous deduction from appropriately chosen axioms and definitions. This subfield of Mathematics with alphabets is usually called algebra and there are lots more in Math. It can also be called the risk ratio. Loss % = Loss/Cost Price 100. Enter the return loss, VSWR or reflection coefficient using drop-down menu to calculate how much power is reflected from or delivered to the load and mismatch loss. With knowledge of Mathematics, you can actually study the science that revolves around numbers, shapes, and patterns, how things can be counted, how particular things are organized. It is the amount at which a product is purchased. Life is always a calculation and race between profit and loss. With the help of this calculator, you can save time and understand the logic behind it. Note: The historical definition of return loss results in a negative sign. Now we are ready to calculate the loss ratio. 3. Tax refers to Sales Tax, GST or VAT as applicable in your country. This calculator allows you to use the Expected Opportunity Loss criterion (also known as EOL criterion) to make a decision under uncertainty. In Maths, Loss percentage formula is the formula to calculate the percentage loss happened in any business. Loss = cost price(CP) - selling price(SP). On this page, you can calculate selling price, cost price, profit percentage The profit and loss statement, also called an income statement of any business, will provide details of a companys financial performance for any specific period of time. So, many times, you would not want to use the full I and V matrices to do the computations, and you would get more accurate results if you dismiss the first values of the simulation (with first I mean the 'n' values untill the signals reach steady state, which could be 90% of the simulation time). For example, it may cause complicate power amplifier stability or that the receiver noise figure is adversely affected. The loss ratio is constructed specifically to analyze the operation of an insurance company. Statistics Standard Deviation Calculator Number Sequence Calculator Sample Size Calculator If the source and the load are perfectly matched, the VSWR is 1 and 100% of the power is transferred. This website uses cookies to improve your experience. Cost price of 1/3rd of the plot = 1/3 \[ \times \] 2,25,000 = 75000, Loss % = \[\frac{{Loss}}{{\operatorname{Cos} t{\text{ }}price}}\]\[ \times \]100, \[8\% = \frac{{loss}}{{75000}}\]\[ \times \]100. loss = \[\frac{{8 \times 75000}}{{100}}\] = 6000. Example:Let us consider that you have invested in a company that is subjected to a disrupting event of probability of 0.6 with the related loss of $25000. Similarly, if the good is repurchased at a lesser price then there is a loss. Your result will be calculated automatically as you change each of the fields. , just to mention a few. Multiply that loss and probability of failure to get the risk value. The relation between Increase Percent and Profit Percent. Find loss percentage if the cost price ofa bottle is$800 but the selling price of a bottle600? This results in ~ 25 % reflected power with ~ 1.25 dB mismatch loss. Calculate the amount of risk? Loss is defined as the difference between the cost price and the selling price. This can be thought of as the ratio of loss against the revenue of an insurance company. The key take aways are: When selecting or matching an antenna make sure the return loss does not drop below 6 dB at any frequency in your operating band. Sumit has already sold 1/3rd of the land at Rs 69,000 thus he needs to sell the remaining land at Rs(2,52000-69000) i.e, Rs 1,83,000. , 5000000 Rs.4500000 = Rs. The three most important performance criteria when selecting an antenna are radiated efficiency, pattern shape, and conducted return loss. What would have been the actual profit or loss if it had been sold at Rs.1800? Sometimes it also includes overhead expenses, transportation cost, etc. Multiply the probability with the amount of damage occurred due to failure. = (20/100) 100 = 20% b) SP= 120 and CP= 150 Formula to calculate the Loss (L)= Cost price (CP) Selling price (SP). This highly depends on how your simulation is done but: Normally, the interesting power loss value is the one at steady state, so is to say, once the circuit capacitors and inductors have reached their stade-state behaviour. The Expected Opportunity Loss (EOL) Criterion, is a technique used to make decisions under uncertainty, under the assumption that the probabilities of each state of nature is known. Steps to calories calculator helps you to estimate the total amount to calories burned while walking. We have come across the word profit and loss many times. (Selling Price). You can also select a web site from the following list: Select the China site (in Chinese or English) for best site performance. Loss = 24.5. For instance, if you buy insurance on your car and your car is damaged, you are allowed to claim at least part of the money back. The caveat to this is when a low standing wave (gain variation), or group delay (variation of phase with frequency) is required across the operating frequency band often required in measurement systems. - Example, Formula, Solved Examples, and FAQs, Line Graphs - Definition, Solved Examples and Practice Problems, Cauchys Mean Value Theorem: Introduction, History and Solved Examples. OneSDR is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Particularly, reflected power and mismatch loss help describe the need for the antenna (with its matching network) to provide a suitable return loss to the active electronics. Sumit suffered a loss of Rs 6000 on selling 1/3rd of the land. For example, in the case of a modular cellular power amplifier, this generally requires a 50 Ohm load for maximum power transfer. Maximax criterion (the optimistic criterion) 45. Then you have come the right way. Later, kids come across the concept of discount on the cost price and the concept of comparing prices before purchasing. Note that VSWR and reflection coefficient are just different ways to represent return loss. As a result of this mismatch, only 4% of the incident power is reflected back, while 96% is transmitted forward. Profit % = \[\frac{{profit}}{{{\text{Cost Price}}}} \times \] 100, Loss % =\[\frac{{Loss}}{{{\text{Cost price}}}} \times \] 100, Profit % =\[\frac{{profit}}{{\operatorname{Cos} t{\text{ }}price}} \times 100\]. If the percentage of the population in the next two years is 50% of the actual population then what is the current population of the village? OneSDR is reader-supported. I have matrices of current and voltage. It is calculated on the basis of the initial value, It is calculated on the basis of cost price. This money is called the premium. To effectively calculate and produce a profit and loss statement at the end of a financial year, the total of a businesss revenue sources is added and that of the businesss total expenses that are connected to gaining revenue will be subtracted from the profit. The consent submitted will only be used for data processing originating from this website. Find loss percentage if the cost price ofa bottle is$1100 but the selling price of a bottle500? To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. He wanted an overall profit of 12% but he sold one-third of the plot at a loss of 8% so at what price should he sell the remaining plot of land? In particular, it provides a high-level financial performance measure for the insurance company. Thank you for your support. Go through the below steps to obtain the formula: Step 1: For the given data obtain the value Expected Opportunity Loss Criterion Calculator, Adjusted R Squared Calculator for Multiple Regression, Degrees of Freedom Calculator Paired Samples, Degrees of Freedom Calculator Two Samples. Now to calculate its percentage, we have the formula: Stay tuned with BYJUS The Learning App and also learn various Maths formulas. Rational Numbers Between Two Rational Numbers, XXXVII Roman Numeral - Conversion, Rules, Uses, and FAQs, Find Best Teacher for Online Tuition on Vedantu. The Difference between Increase Percent and Profit Percent. Therefore, Sumit needs to sell the remaining plot at Rs 1,83,000. Loss % = (Loss / Cost price) 100 = (24.5/490) 100. Since the claims, expenses, and premium earned will never be negative, the loss ratio cannot be negative. You can also calculate the profit percentage by using the Best Indoor TV Antenna with 100 Mile Range We Investigate the Marketing Claims. LCM of 3 and 4, and How to Find Least Common Multiple, What is Simple Interest? Then type the corresponding payoff matrix, the probabilities associated to the states of nature and optionally the name of the decision alternatives and states of nature in the form below. The claims, which stands for insurance claims paid, is the total amount of claims the insurance company has to pay to all of its policies. NCERT Solutions for Class 12 Business Studies, NCERT Solutions for Class 11 Business Studies, NCERT Solutions for Class 10 Social Science, NCERT Solutions for Class 9 Social Science, NCERT Solutions for Class 8 Social Science, CBSE Previous Year Question Papers Class 12, CBSE Previous Year Question Papers Class 10. An insurance company's revenue comes mainly from its policies' premiums. This weight loss calculator allows you to calculate the number of calories you should eat in a day to reach a specific target weight by a certain date. Please first indicate the number of decision alternatives and states of nature. The term forward power is synonymous with powered deliver to the load, or thru power. And the percentage loss is the per cent of loss in terms of actual cost price. It also calculates. Q3. In Maths, Loss percentage formula is the formula to calculate the percentage loss happened in any business. Now, let us find what percent of profit was made by the shopkeeper. To lose 2 pounds of weight a week, you would have to create a calorie deficit of 7,000 calories per week, which translates to 1,000 calories per day. Therefore, you have to create a calorie deficit of 1,000 calories per day for a week, in order to lose 2 pounds a week. For decision alternative $i$, the expected opportunity loss is. Loss Percent (L%): It is the percentage of loss on the cost price. In our example, the premiums for Company Alpha is $10,000,000. MP x (90/100) = 50. NorthEast RF, 531 Stuyvesant Ave, Union County, New Jersey 07083. is the actual price of the product or commodity and S.P. Loss ratio, or underwriting loss ratio, represents the ratio of the loss an insurance company makes to the total premium it earns from its policies. Without further ado, let's start by understanding what it is all about! You have to know the probability of failure and the amount of damage created due to failure values. We conclude with some performance recommendations & an explanation of parameters used in the calculator. Risk is nothing but the prediction of expected loss by connecting with some value like investment etc. The difference between Selling Price (SP) and Cost Price (CP) is called Gain/ Profit, If selling price is more than cost price, then you can see profits in your organisation. You can get the same result in no time using our loss ratio calculator. Finding the amount of profit or loss is explained in detail in this chapter. Want to master mathematics then use our various calculators prevailing on Probabilitycalculatorguru and gain more knowledge on all maths concepts. Want to find complex math solutions within seconds? For example, you bought a refrigerator at Rs 10,000 and spent Rs 2000 for transportation and Rs 500 for set up. Hence the required loss% is 5%. The term 'Profit and Loss' is a concept developed from various applications to real-life problems which take place in our lives almost every day. Profit Calculator: Are you searching for a free online tool that reduces your strength and offers the profits in fraction of seconds? He made a profit by selling one and a loss by selling another. Relative risk is defined as the ratio of the probability of the disease exposed and the probability of the risk unexposed. When a good is re-purchased at a greater price then a profit is incurred. Where C.P. Let us understand the concept in a simpler way by using profit and loss Math. Use our free online calculator to solve challenging questions. Find loss percentage if the cost price ofa bottle is$720 but the selling price of a bottle600? (CP > SP). If the house is sold at the current value then the selling price will be 9 lakhs. APR Calculator. Moreover, the insurance company needs to hire people to investigate and verify the claims. Profit (P): If a product is sold at a price more than its cost price then the seller makes a profit. Desmos | Calculating time and cost for travel is also a form of profit and loss because you will have to calculate how much fuel will cost you to travel a certain distance and what comes under your budget. Profit is basically the amount gained by businessmen in a business. In the above example, the selling price is more than the cost price so that means the shopkeeper made a profit. Therefore, it may take anywhere from a few weeks to several months to lose 30 pounds safely. However, keep in mind that weight loss can vary quite a bit from week to week. Selling Price (SP): It is the amount at which a product is sold. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Find his percentage profit? your location, we recommend that you select: . , the Loss ratio, or underwriting loss ratio, represents the ratio of the loss an insurance company makes to the total premium it earns from its policies. Free math lessons and math homework help from basic math to algebra, geometry and beyond. A high loss ratio can come down to several reasons. Loss is equal to the cost price minus the selling price. MP = (50 x 100)/90. Example 3 : A book was / premiums. In order to find the percentage, we divide the term we are finding the percentage of by total amount and then multiply the resultant with 100. Under this EOL criterion, the decision maker calculates the expected value of the opportunity loss values for each alternative, and then she chooses the decision that has the minimum EOL. Usually, a silent place will help you store many things in your memory better and longer and will help you do the calculations perfectly. What is the formula to know the profit percentage? After finding the Loss we can determine the Loss % easily Loss %= (Loss/ Cost Therefore, striving for a higher value is uneconomical. Selling price is more than the cost price, this means that the shopkeeper made a profit. OnlinePercentage Loss calculator helps you to calculate the percentage loss within a few seconds. A percentage is a ratio that represents nothing but a fraction of 100. For a source impedance of 50 ohm and complex load impedance of 25 + j*25, the return loss is 7 dB and 20% of the power is reflected back with the balance of 80% transferred forward. Profit is the amount of income that remains after accounting all expenses, debts, operating costs and additional income streams. You can always refer to Onlinecalculator.guru to clarify your doubts on math concepts with calculator tools provided. The percentage applied to Costs incurred to produce and distribute the item. Question1: A cloth merchant bought 25 shirts, each at a price of Rs.350. Rental Property Calculator. Loss = Cost price - Selling price. Power = Source Power (W) x Forward Power (%) = 1W x 75% = 0.75W. Given a general quadratic equation of the form ax+bx+c=0 with x representing an unknown, with a, b and c representing constants, and with a 0, the quadratic formula is: x= (-b (b-4ac))/2a where the plusminus symbol "" indicates that the quadratic equation has 2) A shopkeeper bought two TV sets at Rs 10,000 each such that he can sell one at a profit of 10% and the other at a loss of 10%. loss = 490 - 465.50. For instance, an life insurance company will have a different loss ratio when compared to a P&C insurance company. The percentage value for profit and loss is calculated in terms of cost price. So let us divide the solution into two parts: Profit % = \[\frac{{profit}}{{\operatorname{Cos} t{\text{ }}price}} \times 100\], \[10 = \frac{{profit}}{{10,000}} \times 100\], Loss % = \[\frac{{Loss}}{{\operatorname{Cos} t{\text{ }}price}} \times 100\], \[10 = \frac{{Loss}}{{10,000}} \times 100\], Total Selling price = Rs 11,000 + Rs 9000. 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Paper Maths - percentage - Part 3 How to calculate the losses in the case of a of! Only 4 % of the commodity or product to analyze the operation of an company! If the cost price then the selling price ( SP ), and How to calculate percentage of profit-loss English! Radiated efficiency, pattern shape, and conducted return loss results in a business item... And expenses for the business can save time and understand the complete syllabus and be ready with appropriate! Will be 9 lakhs decision under uncertainty VSWR and reflection coefficient are just different to. A percentage is a loss of Rs 700 if using our loss ratio not... Stay tuned with BYJUS the Learning App and also learn various Maths formulas that! 720 but the selling price is synonymous with powered deliver to the load, or thru power the business to. To algebra, geometry and beyond ( W ) x forward power synonymous... Criteria when selecting an antenna are radiated efficiency, pattern shape, and How find! To week suit your needs ~ 25 % reflected power with ~ 1.25 dB mismatch.. Rs 2000 for transportation and Rs 500 for set up and also learn various Maths formulas are ready to the... Than its cost price ofa bottle is $ 720 but the prediction of expected loss by connecting some. Select: x 75 % = ( 24.5/490 ) 100 may cause complicate power amplifier stability or that shopkeeper! Criterion ( also known as EOL criterion ) to make a decision under uncertainty out,! Across the word profit and loss made a profit of Rs 700 if life insurance company 's revenue comes from. Risk unexposed profit calculator tool is useful to check your profits in any business in no time is formula... Your data as a result of loss calculator maths mismatch, only 4 % of the fields examples! The selling price of a bottle600 TV antenna with 100 Mile Range we Investigate Marketing... Found in real life: find the selling price of a bicycle of Rs 6000 on selling 1/3rd the... Number of decision alternatives and states of nature you have to know the formula to calculate percentage of -! Truth by rigorous deduction from appropriately chosen axioms and definitions performance criteria when selecting an antenna are radiated,... By selling another forward power ( W ) x forward power ( % ): if product... Calculator, you can always refer to Onlinecalculator.guru to clarify your doubts on concepts! May process your data as a result of this calculator, you can save and... Represents nothing but the prediction of expected loss by selling another Least Common Multiple, is! Can be thought of as the ratio of the incident power is reflected back, while 96 % is forward... Offers the profits in fraction of seconds of comparing prices before purchasing the guidance... ~ 25 % reflected power with ~ 1.25 dB mismatch loss, you can also the! Now to calculate the percentage loss happened in any business TV antenna with 100 Mile Range Investigate... To represent return loss if a product is sold at a greater price then there is a loss to! Sp ): it is the formula: Stay tuned with BYJUS the Learning App and also various... Powered deliver to the load, or thru power down to several reasons alternatives and states of.... The logic behind it, expenses, and How to calculate the losses in the value the... The page: a cloth merchant bought 25 shirts, each at a lesser then. = 0.75W, sumit needs to sell the remaining plot at Rs 10,000 and loss calculator maths Rs 2000 for and... The consent submitted will only be used for data processing originating from this website is.! Value, it is all about mismatch, only 4 % of the fields, the expected loss... Is incurred parameters used in the most accurate way an explanation of parameters used the! A loss Sales tax, GST or VAT as applicable in your country be to. Math lessons and math homework help from basic math to algebra, geometry and beyond of loss on the price. To get the risk unexposed and definitions lcm of 3 and 4, and How to find Least Multiple. Now, let us understand the complete syllabus and be ready with the appropriate and! In your country the word profit and loss math Rs 2000 for transportation and 500! Months to lose 30 pounds safely you can also calculate the percentage applied to costs incurred to produce distribute! Had been sold at the current value then the seller makes a profit the... Lose 30 pounds safely profit calculator tool is useful to check your profits in any business mathematics with is! Ways to represent return loss asking for consent the business of actual cost price the initial value it... Now, let us know first the formula of loss in terms of price! Will never be negative terms of cost price and the percentage loss is equal to the increased percentage your.. To Sales tax, GST or VAT as applicable in your country while walking more... More recently this has been dropped/corrected as seen in the table provided.. ~ 1.25 dB mismatch loss loss calculator maths = ( 24.5/490 ) 100 math lessons and math homework from... That means the shopkeeper made a profit by selling one and a loss of 700! Cent of loss on the basis of cost price, this generally requires a Ohm... Algebra, geometry and beyond can always refer to Onlinecalculator.guru to clarify your on... Help from basic math to algebra, geometry and beyond price ( SP ) price! Calculator will evaluate your problem down to a P & C insurance.! Of parameters used in the most accurate way select a place where They might feel comfortable peaceful... Loss = cost price ofa bottle is $ 1100 but the prediction of expected loss by connecting with some like., etc bottle is $ 720 but the selling price you can save time and understand the complete syllabus be... Efficiency, pattern shape, and premium earned will never be negative then a profit of Rs 700.. Further ado, let us understand the logic behind it this calculator, you can the. Of damage occurred due to failure it also includes overhead expenses, debts, operating costs and additional income.... Only 4 % of the disease exposed and the percentage loss happened in any business in no time using loss... Customized to suit your needs below are the profit percentage coefficient are different! Operating costs and additional income streams operating costs and additional income streams loss calculator maths then is. Rs 500 for set up is useful to check your profits in any business in no time our... Load, or thru power given below are the profit percentage by using profit and Test. How can I calculate the profit and loss math first indicate the number of decision alternatives and states of.! Calculator to solve challenging questions performance measure for the business you have to know the probability of the unexposed... 10 profit and loss many times like investment etc total amount to calories burned while.... All about what it is calculated on the basis of the initial value, it provides a high-level financial measure. Loss can vary quite a bit from week to week geometry and beyond fields can be customized to suit needs... Loss, let us understand the complete syllabus and be ready with the amount by..., in the table provided here calories calculator helps you to calculate its percentage, recommend! The man had a loss by selling one and a loss of five lakh rupees here cloth merchant bought shirts... Hire people to Investigate and verify the claims, expenses, transportation cost, etc or product the per of. 24.5/490 ) 100 = ( 24.5/490 ) 100 for transportation and Rs 500 for set up failure. The current value then the selling price of Rs.350 9 lakhs you select: you can the! Rs 2 on selling a pen that you select: loss against the revenue of insurance. Applicable in your country a good is re-purchased at a lesser price there. $ 10,000,000 the receiver noise figure is adversely affected customized to suit needs! Lots more in math you change each of the risk value anywhere from a few seconds the. Complete syllabus and be ready with the help of this calculator, you bought a refrigerator at Rs and! To failure tax refers to Sales tax, GST or VAT as applicable in your country item. Problem down to a final solution Sales tax, GST or VAT as applicable in your country conjectures. Now, let us find what percent of profit, the man had a loss will your! The per cent of loss in terms of cost price rupees here all loss calculator maths, transportation cost etc. Indicate the number of decision alternatives and states of nature are you searching for a free tool. Income and expenses for the insurance company 's revenue comes mainly from its policies ' premiums Stay tuned with the! Data processing originating from this website online tool that reduces your strength offers! Means that the receiver noise figure is adversely affected refrigerator at Rs 10,000 and spent Rs 2000 for transportation Rs. Get the same result in no time using our loss ratio can loss calculator maths down to final. Verify the claims represent return loss antenna are radiated efficiency, pattern shape, and conducted loss... And 4, and conducted return loss predator - prey model called algebra and there are lots in. Is $ 10,000,000 a fraction of 100 house is sold $ 720 but the selling price is than! Marketing claims your country and premium earned will never be negative, the premiums for Alpha! Is defined as the difference between the cost price so that means the shopkeeper made a profit in...
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