If cost price is 96 % of selling price, then profit percent?

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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

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