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Q.

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

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a

3.13

b

5.26

c

4.17

d

5.89

answer is C.

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Detailed Solution

Let the S.P of the material be

100 units

.
Given: C.P of the material is

96 %

of the selling price.
∴ C.P of same material

= 96 % of 100

= \frac{96}{96} \times 100

= 96 units

Profit made by selling material

= (100 - 96)

= 4 units

∴ Profit percentage = (\frac{Profit income \times 100}{Cost Price})

= \frac{4 \times 100}{96} = \frac{100}{96}

= 4.16667

Or

\approx 4.17

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