Question

Gain or Loss percent is always calculated on

(i) Selling Price (ii) Loss (iii) Gain (iv) Cost Price​

Answer 1

The answer is selling price.

Because if selling price is greater than cost price it means he/she is gaining. Whereas if the selling price is less that the cost price it means he/she is losing.

Hope it helps....

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Answer 2

Gain or Loss percent is always calculated on Loss, Gain, Cost Price

Step-by-step explanation:

GAIN

The financial profit in any thing is called as Gain.

LOSS

The financial loss in any thing is called as Loss.

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Formulas of Gain and Loss

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Gain Formulas

Gain = Selling Price - Cost Price

Gain Percentage = [ (Gain × 100) ÷ Cost price]

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Loss Formulas

Loss = Cost Price - Selling Price

Loss Percentage = [ ( Loss × 100 ) ÷ Cost Price ]

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