Organic material measurement by mass loss on ignition is reported on a mass basis.
For OM246 testing, I prefer doing a burn at 440 °C.1 The equation for loss on ignition (LOI) as a percentage takes the mass of sample dried at 105 °C ($m_{105}$), subtracts the mass of the sample after burning at 440 °C ($m_{440}$), divides by the original mass, and multiplies that by 100.