Question

14. The selling price of an article is 96% of its cost price. Find the loss or the gain as
percent on the whole​

Answer 1

Step-by-step explanation:

Let C.P. = ₹100

S.P. = 96% of C.P.

= ₹96/100 × 100

= ₹96

∴ Loss = ₹100 - ₹96

= ₹4

And loss percent = (Loss × 100)/C.P.

= 4/100 × 100%

= 4%

Answer 2

Step-by-step explanation:

Let C.P. = ₹100

S.P. = 96% of C.P.

= ₹96/100 × 100

= ₹96

∴ Loss = ₹100 - ₹96

= ₹4

And loss percent = (Loss × 100)/C.P.

= 4/100 × 100%

= 4%