Question

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

• A. $5.72\%$
• B. $3.72\%$
• C. $8.92\%$
• D. $4.17\%$

Answer 1

Answer: (D)

$4.17\%$

If the $CP$ is $96\%$ of the $SP$

$i.eSP=100$ then $CP=96$

Profit $=SP-CP$

profit $\Rightarrow 4$

profit $\%\Rightarrow \frac{4}{96}\times 100$

$\Rightarrow 4.16\%$