Question

The selling price of an article is 96% of its cost price. Find the loss or the gain as percent on the whole.

Answer 1

Solution:
A/Q Let the Cost Price(CP) be x.
Then, the Selling Price(SP) will be
=96% of x
=96/100×x
=96x/100
Since, the CP is greater than the SP, there is loss.
So, loss= CP - SP
= x - 96x/100
= (100x - 96x)/100
= 4x/100 (Divide 100 by 4, you get 1/25)
= x/25
As Loss is x/25, then Loss%
= {(loss/CP)×100}%
= {(x/25x)×100}% (The Xs get cancelled down)
= (100/25)%
= 4% (Divide 100 by 25, you get 4)

Therefore, by selling the above given article we get a loss of 4%.


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Answer 2

Answer:

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