Question

if the cost price is 96% of the selling price,then what is the percent profit​

Answer 1

Answer:

Profit percent is 4.16%.

Step-by-step explanation:

Let the selling price be x

Therefore, cost price = 96% of x = 96/100 × x

= 24x/25

Therefore, profit = S.P. - C.P. = x - 24x/25 = x/25

Profit percent = (profit /C.P. × 100)%

= (x/25/24x/25 × 100)%

= (x/25 × 25/24x × 100)%

= 100/24 = 4.16%(answer).

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