A trader sold an article for ₹5,040 and earned a profit of 12%. Had he sold it for ₹4,680, what would have been the profit or loss percentage?
4% profit
Let the cost price (CP) be \(x\).
Since a 12% profit was earned on a selling price of ₹5,040: \(x \times 1.12 = 5040 \Rightarrow x = \frac{5040}{1.12} = 4500\).
So the cost price is ₹4,500.
If sold for ₹4,680, the profit would be \(4680 - 4500 = 180\).
Profit percentage \(= \frac{180}{4500} \times 100 = 4\%\).
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