Multiple choice

If the cost price is 95% of the selling price, what is the profit percent?

  1. 4%

  2. 4.75%

  3. 5%

  4. 5.26%

  5. 0
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D Correct answer
Explanation

Let SP = 100. Then CP = 95. Profit = SP - CP = 5. Profit percentage = (Profit / CP) * 100 = (5 / 95) * 100 = 100 / 19 = 5.263%.

AI explanation

Using the profit percentage formula, Profit Percentage = ((Selling Price - Cost Price) divided by Cost Price) times 100. Assuming the selling price is 100, the cost price is 95, so the profit is 5. Dividing 5 by 95 gives a profit percentage of approximately 5.26%.

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