The cost price of an article is 95% of its selling price. Find the percentage of profit or loss.
Given:
CP = 95% of SP
Let SP = 100 (assume for simplicity)
Then, CP = 95
Profit = SP − CP
Profit% = (Profit / CP) × 100
SP = 100
CP = 95
Profit = 100 − 95 = 5
Profit% = (5 / 95) × 100 = 5.26%
(C) 5.26% profit
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