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If the cost price is 95% of the selling price, what is the profit percent?
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- 4%
- 4.75%
- 5%
- 5.26%
Correct Option: D
If the cost price be $ y, then
| Selling price ( S.P. ) = | y = $ | y | 95 | 19 |
| ∴ Gain = | - y = $ | 19 | 19 |
| ∴ Gain % = | × 100 = 5.26% | y |
Second method to find the value of profit% :
| Here C.P. = | S.P. | 100 |
| C.P. = S.P. |  |  | |||
| 100 + Profit% |
| ⇒ | S.P. | = S.P. | | | ||||
| 100 | 100 + Profit% |
⇒ 9500 + 95 Profit% = 10000
| Profit % = | = 5.26% | 95 |
