1. If the cost price is 95% of the selling price, what is the profit percent ?4% 4.75% 5% 5.26%

Question

1. If the cost price is 95% of the selling price, what is the profit percent ?4% 4.75% 5% 5.26%
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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] Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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