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Question
The selling price of an article is 96% of its cost price. Find the loss or the gain as percent on the whole.
Solution
Let C.P. = ₹ 100
S.P. = 96% of C.P.
`= ₹ 96/100 xx 100 = ₹ 96`
∴ Loss = ₹ 100 - ₹ 96 = ₹ 4
and loss percent =`("Loss" xx 100)/"C.P."`
`= 4/100 xx 100%`
= 4 %
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