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7.Profit and Loss
medium
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
None of these
Solution
Let $S P=R s .100$ then $C P=R s .96$
Profit $=S P-C P=100-96=$ $Rs. 4$
Profit $\%=\frac{\text { profit }}{C P} \times 100 \%=\frac{4}{96} \times 100=4.17 \%$
Standard 13
Quantitative Aptitude