find the selling price when cp = rs 96 profit = 8 by 1 by 3 /
Answers
Answer:
4%
Step-by-step explanation:
Let us assume that the selling price be x .
As given
if the cost price is 96% of the selling price .
96% is written in the decimal form
=\frac{96}{100}=
100
96
= 0.96
Cost price = 0.96 × Selling price
= 0.96x
Profit = Selling price - Cost price
= x - 0.96x
= x (1-0.96)
Formula
Profit\ percentage = \frac{Profit\times 100}{Cost\ price}Profit percentage=
Cost price
Profit×100
Profit\ percentage = \frac{(1-0.96)x\times 100}{x}Profit percentage=
x
(1−0.96)x×100
Profit\ percentage = \frac{(1-0.96)x\times 100}{x}Profit percentage=
x
(1−0.96)x×100
Profit\ percentage = \frac{0.04x\times 100}{x}Profit percentage=
x
0.04x×100
Profit\ percentage = \frac{4x\times 100}{x\times 100}Profit percentage=
x×100
4x×100
Profit percentage = 4%
Therefore the profit percentage is 4% .
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