Question

Percentage profit or loss is calculated on ______ price.​

Answer 1

Step-by-step explanation:

How to determine profit margin: 3 steps

Determine your business's net income (Revenue – Expenses)

Divide your net income by your revenue (also called net sales)

Multiply your total by 100 to get your profit margin percentage.

Answer 2

Step-by-step explanation:

Percentage profit or loss is calculated on $\blue{cost}$ price.

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