- AThe profit itself
- BThe cost price
- CThe marked price
- DThe selling price
Step-by-Step Solution
Profit % = (profit ÷ CP) × 100 and Loss % = (loss ÷ CP) × 100. Both are taken on the cost price.
Answer: B) The cost price
Profit per cent and loss per cent are always calculated on which amount?
Class 8Profit and LossComparing Quantities
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