Question

Gain or Loss is expressed as a percentage of
(The cost price / the selling price)​

Answer 1

Answer:

the true answer is the cost price

Answer 2

Answer:

False

Step-by-step explanation:

Gain is expressed as a percentage of (Profit × 100)/Cost Price)

Loss is expressed as a percentage of  (Loss× 100)/Cost Price)

Cost Price: The price at which any item is purchased is called the cost-price or cost-price of that article. Selling Price: The price at which any article is sold is called the selling price of that article.

If the facility of service is also provided to a person on cash or credit, then that too is called sale. The one who buys is the 'buyer'. Pay the same at the same time or later. You all know that businessmen produce goods and services only for the use of other people.

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