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Explain how the race system developed in Malaysia.
Net Income
The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenues.
Selling Price
The selling price is the amount a buyer pays to purchase a product or service from a seller.
Contribution Margin Ratio
The percentage of sales revenue remaining after variable costs are subtracted, indicating the portion contributing to covering fixed costs and generating profit.
Sales Mix
The relative proportions in which a company’s products are sold. Sales mix is computed by expressing the sales of each product as a percentage of total sales.
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