Question

profit or loss percentage are calculated on ______​

Answer 1

Step-by-step explanation:

They are calculated on the cost price

Answer 2

• Required AnsweR -

• Profit or loss percentage are calculated on cost price.

Know MorE -

:⟹ Profit = Selling price - Cost price.

:⟹ Loss = Cost price - Selling price.

:⟹ Selling price = Cost price + Profit.

:⟹ Cost price = Selling price - Profit.

:⟹ Selling price = Cost price - loss

:⟹ Cost price = Selling price + loss

:⟹ Gain% = Gain/C.P × 100%

:⟹ Loss% = Loss/C.P × 100%