Question

3.
On which of the following percent profit or loss is calculated ?
a. s.p
b. c.p
c. marked price
d. none of these​

Answer 1

Given :  profit percent or loss percent  

To Find :  On which Of the following profit percent or loss percent is calculated

(a)selling price.  SP

(b) cost price  CP

(c)marked price.  MP

(d) none of these.

Solution:

profit percent or loss percent is calculated on cost price

Correct option is b)  CP cost price

SP = Selling Price

CP = Cost Price

MP = Marked price

MP - Discount = SP

If SP > CP

Then SP - CP  =  Profit

Profit % = ( Profit / CP) * 100

If SP < CP

Then CP - SP  =  Loss

Loss% = (Loss / CP) * 100

Correct option is b)  CP cost price

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