Containment was a policy in the US. It was used to prevent communism. There was many strategies used for this component to the Cold War. This series was used in the Soviet Union to enlarge its communist sphere of influence in Eastern Europe, China, Korea, and Vietnam.
Answer:
The cost price was increased by 33.33 % to provide this profit
Explanation:
Given:
Cost price = $3
Selling price = $4
Gross profit = $1
To Find:
Profit percentage =?
Solution:
Profit Formula calculates the net gains or losses incurred by subtracting total expenses from total sales.
Now profit = 4 - 3 = 1
Now the profit percentage can be found by
=
=
=
= 33.33%
Every society has its own economic system. The way it does business is the most affected.
Tradition or freedom can be considered as society's values, and it guides the type of economic system that society will have.
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