Efficiency
The efficiency equation is a comparison of the work output from an operation to the work input to that same operation. The amount of "work" could refer to time, effort, capacity, or more tangible items. A high level of efficiency implies a minimal amount of wasted time, effort, capacity, materials, and so forth. This can translate into a high level of profitability in a business.
The efficiency formula is:
(Work output ÷ Work input) x 100%
let V be the amount of output work and W be the total amount Input work
