if the cost price is 96% of selling price then what the profit percentage
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Solution:
Let the SP be ₹100.
Then according to the given conditions, we get
Cost Price = 0.96 x 100 = 96
Therefore, Profit = SP - CP = 100 - 96 = ₹4
Profit Percentage = (4/96)/100 = 4.167%
Let the SP be ₹100.
Then according to the given conditions, we get
Cost Price = 0.96 x 100 = 96
Therefore, Profit = SP - CP = 100 - 96 = ₹4
Profit Percentage = (4/96)/100 = 4.167%
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