Question

The selling price of an article is $96\%$ of its cost price. Find the loss or the gain as percent on the whole.

Answer 1

Let C.P. $=₹100$
S.P. $=96\%$ of C.P.
$=\frac{96}{100}\times 100$
$=96₹$
$\therefore$ Loss $=(100-96)₹$
$=4₹$
And loss $\%=\frac{\text{Loss}\times 100}{\text{C.P.}}$
$=\frac{4\times 100}{100}$
$=4\%$