If the cost price of an item is equal to 95% of its selling price, then what is the profit percentage?

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4.17%

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5.26%

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5.55%

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Solution

The correct option is C 5.26%
Profit percentage $= \frac{S P - C P}{C P} \times 100 = \frac{S P - 0.95 S P}{0.95 S P} \times 100 = \frac{500}{95} = 5.26 %$

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