The formula to calculate the CD profit is:
\[ CDP = SP - P \]
Where:
CD profit refers to the profit made from selling CDs. It is calculated by subtracting the total purchase price of the CDs from the total sale price. This metric is useful for understanding the profitability of selling CDs and for making informed business decisions.
Example 1:
Using the formula:
\[ CDP = 500 - 300 = 200 \text{ \$} \]
Example 2:
Using the formula:
\[ CDP = 750 - 450 = 300 \text{ \$} \]