Question

if the cost price of an article is 96% of its selling price then what is the profit percentage

Answer 1

Let the SP be Rs. x

CP = 96% of x = 96/100*x = 96x/100

Profit = SP-CP = x-96x/100 = 4x/100 = Rs.x/25

Profit % = Profit/CP*100= x/25/96x/100*100 = (x*100)/(96x*25)*100 = 100/24% = 4 4/24 %