Profit percentage is calculated on cost
price and loss percentage is calculated
on selling price.
true or false..
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1
Answer:
FALSE
Step-by-step explanation:
Both profit and loss percentage are calculated on cost price.
The profit percent can be calculated as:
Profit % = 100 × Profit/Cost Price.
The loss percent can be calculated as; Loss % = 100 × Loss/Cost Price.
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