Maths · Relations, type of relations, equivalence relations
If the cost price is of the selling price, then what is the profit percent?
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. \( 4.17 \% \)
Step-by-step solution
Let SP be 100. Then CP = 96% of SP = 96. Profit = SP - CP = 4. Profit percent = (Profit/CP) × 100 = (4/96) × 100 = 4.1667% ≈ 4.17%.
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