1. If the cost price is 95% of the selling price, what is the profit percent ?4% 4.75% 5% 5.26%
Question
- If the cost price is 95% of the selling price, what is the profit percent ?4% 4.75% 5% 5.26%
Solution 1
The profit percent can be calculated using the formula:
Profit % = [(Selling Price - Cost Price) / Cost Price] * 100
Given that the cost price is 95% of the selling price, we can express the selling price as 100% and the cost price as 95%.
So, the profit % would be:
Profit % = [(100 - 95) / 95] * 100 = 5.26%
Therefore, the profit percent is 5.26%.
Solution 2
The profit percent can be calculated using the formula:
Profit % = [(Selling Price - Cost Price) / Cost Price] * 100
Given that the cost price is 95% of the selling price, we can express the selling price as 100% and the cost price as 95%.
So, the profit % would be:
Profit % = [(100 - 95) / 95] * 100 Profit % = 5.26%
So, the profit percent is 5.26%.
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