Profit and loss

Algebra Level 2

If the cost price is 96% of the selling price, then what is the profit percent?

Write answer in %, to 2 decimal places.


The answer is 4.17.

Anuj Shikarkhane by Anuj Shikarkhane , 19, India

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2 solutions

Sonali Srivastava
Jul 18, 2014

CP=(96/100) SP IF SP=Rs. 100 CP=Rs. 96 P%=((100-96) 100)/96 =4.166

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Sunil Pradhan
Jul 13, 2014

CP = 0.96SP then SP = CP/0.96

Profit = SP – CP = CP/0.96 – CP = 100CP/96 – CP = 4CP/96 = CP/24

% Profit = CP/24CP × 100 = 100/24 = 4.166 = 4.17

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