Question

If 20% profit gained on S. P. find profit% on C.P.
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Answer 1

Answer:

C) Loss or gain is always calculated over CP. J) If an article is sold at a gain of say, 20%, then SP = 120% of CP. K) If an article is sold at a loss of say, 20%, then SP = 80% of CP.

Step-by-step explanation: