01.
Loss or gain is always reckoned on the
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Loss or gain is always reckoned on C.P. If an article is sold at a gain of say 35%, then S.P. = 135% of C.P. If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
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Answer: Loss or gain is always reckoned on the CP
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