Question

profit and lost percentage are always calculated on article price( true or false)​

Answer 1

Answer:

Profit or Loss is always calculated on the cost price. Discount is calculated on marked price or list price. If two articles are sold at the same selling price, one at a gain of A% and one at the loss of A%, then the seller always incurs a percentage loss of (A / 10)2.

Answer 2

The profit or loss percentage is always calculated on the article price-True:

• The profit or loss is always calculated over the article price and is more generally called cost price.
• The formula for profit percentage is as shown-

⇒ Profit percentage = [ ( Selling price - Cost price ) / Cost price ] × 100

• The formula for loss percentage is given by,

⇒ Loss percentage = [ ( Cost price - Selling price ) / Cost price ] × 100

• Where Cost price is the price at which the product is bought and Selling price is the price at which the product is sold.
• Therefore, the profit or loss percentage is always calculated on the article price.

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