The formula Total cost = Cost + Shipping cost + Holding cost is used to find the total cost of a business asset. The formula can be written in symbols as T=C+S+H. Solve the formula for C, the cost of the asset.
C = T-S-H
To solve the formula for C, we need to isolate the variable C on one side of the equation.
The formula is: T = C + S + H
Step 1: Subtract S and H from both sides of the equation to isolate C.
T - S - H = C + S + H - S - H
This simplifies to:
T - S - H = C
Therefore, the formula for C, the cost of the asset, is:
C = T - S - H