SOLUTION: If the cost price is 95% of the selling price. What is the profit percent?

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Question 874435: If the cost price is 95% of the selling price. What is the profit percent?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
C = .95P
P = (1/.95)C = 1.0526C (nearest 10-thousandth)
5.26% Profit