If the cost price is 95% of the selling price. What is the profit percent?
If the cost price is 95% of the selling price. What is the profit percent?
[A]4%
[B]4.75%
[C]5%
[D]5.26%
5.26%
If the cost price be Rs x, Then
S.P = $latex \frac{100}{95}x&s=2$=Rs. $latex \frac{20}{19}x&s=2$
∴Gain = $latex \frac{20x}{19}-x=Rs. \frac{x}{19}&s=2$
∴ Gain percent =$latex \frac{\frac{x}{19}}{x}\times 100=5.26&s=2$%
Hence option [D] is the right answer.