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Multiple choice

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

  1. $5.72\%$
  2. $3.72\%$
  3. $8.92\%$
  4. $4.17\%$
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%.

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