Question

profit percent or loss percent is calculated on?​

Answer 1

Answer :-

Profit and loss percent is calculated on C.P (cost price)

Further:-

There is an Relation between C.P & S.P

Profit = S.P - C.P

Profit % = (profit / CP) × 100.

Loss % = (Loss / CP) × 100.

SP = [(100 + profit%) / 100] × CP.

SP = [(100 – Loss %) / 100]× CP.

Answer 2

profit percent or loss percent is calculated on Cost price.

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