Question

If the cost price is 88 percent of the Selling price , then what is the profit percent​

Answer 1

Answer:

% profit = 13.64%

Step-by-step explanation:

Let say SP =  100 rupees

CP = 88% of SP = 0.88 x 100 = 88 rupees

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Now

CP = 88 rupees

SP = 100 rupees

Profit = SP - CP = 12 Rupees

% profit = (profit/CP) * 100 = (12/88) * 100 = 13.64%

Answer 2

Answer:

The profit% is equal to 13.63%.

Step-by-step explanation:

Given that :

the cost price is equal to 88% of the selling price.

let, the selling price be, Rs. 100

then the cost price will be = Rs. 88

Profit % = SP - CP /CP × 100

profit% = 100 - 88 / 88 × 100

profit% = 12/88 × 100

so, profit% = 13.63%

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