Q: If the selling price of 16 items is equal to the cost price of 20 items then there is gain or loss?

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gain 25%

The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.

define cost and selling price

cost price = selling price - profit

selling price 2783.40. 70% at cost price the answer is 2141.08

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gain 25%

The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.

define cost and selling price

cost price multiply by profit then add the answer to the cost price =selling price

cost price multiply by profit then add the answer to the cost price =selling price

the cost to manufacture/package/ship single items is greater than the selling price.

cost price = selling price - profit

selling price 2783.40. 70% at cost price the answer is 2141.08

As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.

Selling price less profit equals cost price. The markup is the profit plus cost price.

let the cost price =X sell price=cost +profit selling price=x+profit

Margin = Selling Price - Cost