Question

If the cost price is $96\%$ of the selling price, then what is profit percent?

• A. $3.13$
• B. $5.26$
• C. $4.17$
• D. $5.89$

Answer 1

The correct option is C $4.17$

Let selling price be $100$, then cost price will be $96$.

Thus, profit $=S.P-C.P=4$

Profit $\%=\frac{\text{profit}}{\text{cost price}}\times 100=\left(\begin{array}{c}\frac{4}{96}\end{array}\right)\times 100=4.17\%$