Question

loss is calculated on SP true or false​

Answer 1

Answer:

False

Step-by-step explanation:

the statement is false

loss is calculated by Sp

Answer 2

The formula for Profit is S.P. – C.P. If the selling price is lesser than the cost price, whatever difference you get between the two is the loss suffered. Similarly, Loss is C.P. – S.P. Always remember that you calculate profit or loss on the cost price.