If the cost price is 95% of the selling price, then what is the profit in percentage?
Let the selling price be 100, so the cost price is 95 and the profit is 5. Profit percentage is always reckoned on cost price, so it is \(\frac{5}{95} \times 100\). This…
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If the cost price is 95% of the selling price, then what is the profit in percentage?
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Correct answer B
Let the selling price be 100, so the cost price is 95 and the profit is 5. Profit percentage is always reckoned on cost price, so it is . This equals correct to two decimal places.
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