the cost price of an article is 96%of its selling price . find the loss or the gain as percent on the whole.
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Answer:
Gain of 4.17% ~ 4.2%
Step-by-step explanation:
Let x be the selling price.
CP = 0.96x
Profit% = [SP - CP/CP] * 100
= [x - 0.96x/0.96x] * 100
= [0.04x/0.96x] * 100
= 4.167% ~ 4.17% or 4.2%
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Refers to the attachment
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