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Percentage change in P is approximately equal to the percentage change in:
Income Tax Expense
The amount of money a company is obligated to pay in income taxes, based on its taxable income for a specific period.
Sales Revenue
Represents the total amount of money generated from the sale of goods or services by a company before any costs or expenses are deducted.
Operating Expenses
Regular costs for operating a business, including rent, utilities, payroll, and materials, but excluding costs associated with the production of goods sold.
Corporate Tax Rate
The percentage of a corporation's taxable income that it must pay to the government as tax.
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