ise 5 y use your calculator in this exercise. ve the following problems based on profit, loss and discount: Ronald buys a number of articles for R675. To advertise and rer store costs a further R150. If he sells his articles for R1 250, what his profit or loss?

To determine Ronald's profit, first, you'll need to calculate his total costs. He buys articles for R675 and spends an additional R150 on advertising, leading to a total cost of R675 + R150 = R825. If he sells his articles for R1,250, his profit can be calculated as Selling Price - Total Costs, which is R1,250 - R825 = R425. So, Ronald makes a profit of R425! In the world of business, knowing your profit margin is essential! By understanding how to calculate profit and loss, entrepreneurs can make better decisions about pricing, costs, and budgeting. It's not just about making sales; it’s also about ensuring that those sales cover costs and lead to gains. Understanding these figures helps in maintaining a healthy business!