Multiple choice If the cost price is $96\%$ of the selling price, then what is the profit percent? $5.72\%$ $3.72\%$ $8.92\%$ $4.17\%$ Reveal answer Fill a bubble to check yourself D Correct answer Explanation CP = 0.96 SP. Profit = SP - CP = SP - 0.96 SP = 0.04 SP. Profit % = (Profit / CP) * 100 = (0.04 SP / 0.96 SP) * 100 = (4/96) * 100 = 100/24 = 4.166...% which rounds to 4.17%.