Question

The cost price of an article is 96% of its selling price .find the loss or gain %

Answer 1

Answer:

Let the selling price Price of the article be x

then,

accourding to question

cost price of the article=96x/100

here

sp>CP

So, gain=sp-CP

= x-96x/100

= ( 100x-96x) /100

= 4x/100

= X/25

gain per=gainX100/CP

= ( X/25) X100X100/96X

= 4. I7 %