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Question
The cost price of an article is 96% of its selling price. Find the loss or the gain as percent on the whole.
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Solution
Let S.P = ₹ 100
C.P. = 96 % of S.P.
`= ₹ 96/100 xx 100 = ₹ 96`
∴ Gain = ₹ 100 - ₹ 96 = ₹ 4
and, gain percent
`= ("Gain" xx 100)/"C.P."`
`= 4/96 xx 100%`
`= 25/6` or `4 1/6 %`
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