Question

cost price of article is 96% of its selling price.find loss or gain percent in whole transaction

Answer 1

Step-by-step explanation:

Let SP be 100, then CP is 96

So, this is Rs4 gain

Gain percentage= x/100*96=4

                            =  4.16%

Answer 2

profit=(s.p.-c.p.)/c.p.

=(s.p./c.p.)-1

it's given that c.p.=(96/100)*s.p.

which implies that s.p./c.p.=100/96

therefore profit percentage=((100/96)-1)*100

=4.166(approx)