Question

Profit is 5% of SP. Find the profit or loss percentage?

Answer 1

Answer:

Step-by-step explanation:As profit percent is given, we use the following formula.

       CP (100 + P%)

SP = ------------------

          100

       450 (100 + 5)

SP = ------------------

          100

       450 x 105

SP = -------------

          100

       47250

SP = -----------

          100

∴ Selling price = $472.50

Answer 2

Answer :-

Let the SP = 100

Profit = 5% of 100

= 5×100 /100 = 5%

P=SP-CP

=5%=100-CP

CP=SP-P

=100-5

=95

P%=5×100/95

=100/19

=5.26...