Question

On which Of the following profit percent or loss percent
is calculated
(a)selling price. (b) cost price
(c)marked price. (d) none of these.

Answer 1

Answer:

b) Cost price

Step-by-step explanation:

On cost price profit percent or loss percent is calculated.

Hope it helps.

Answer 2

Given :  profit percent or loss percent  

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

(a)selling price.

(b) cost price

(c)marked price.

(d) none of these.

Solution:

profit percent or loss percent is calculated on cost price

Correct option is b)  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)  cost price

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