If the cost price is 98% of sp then what is the profit %

If the cost price is 98% of sp then what is the profit %

Answer/Solution

2.04%

Steps/Work

Sol. sp=Rs100 : then cp=Rs 98:profit =Rs 2.
Profit={(2/98)*100}%=2.04%
Answer is D.

Gain Calculator / Auto Solver

If the cost price is % of sp then what is the profit %

Calculated Answer

2.0408163265306

Step by Step Solution

In order to solve problem, you must evaluate (100 - n₀) / n₀ * 100.

n₀ =	98

(100 - n₀) / n₀ * 100
Evaluate 100 - n₀ = 2
2 / n₀ * 100
Evaluate 2 / n₀ = 0.020408163265306
0.020408163265306 * 100
Evaluate 0.020408163265306 * 100 = 2.0408163265306
2.0408163265306
The answer to the problem and the result of (100 - n₀) / n₀ * 100 is 2.0408163265306