Question

the selling price of an article is 96percent of its cost find the profit or loss as percent on the
whole.
.

Answer 1

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Here is your answer

Let the cost price is x

so selling price is 96% of x
= 0.96x

So there is loss as CP IS MORE THAN SP

Loss = x - 0.96x
= 0.04x

Loss % = Loss× 100/CP
$= \frac{0.04x}{x} \times 100 \\ \\ = 4\%$
Therefore Loss is 4%

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