A man buys a watch for Rs. 900 and sells it at a profit of 15%. Find the selling price.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. Rs. 1,035.
- A. Rs. 1,035 ✓
- B. Rs. 1,000
Why not B: “Rs. 1,000” is not Rs. 1,035.
- C. Rs. 1,050
Why not C: “Rs. 1,050” is not Rs. 1,035.
- D. Rs. 990
Why not D: “Rs. 990” is not Rs. 1,035.
Correct answer
A. Rs. 1,035
Explanation
Rs. 1,035 (option A) is the accepted answer to “A man buys a watch for Rs. 900 and sells it at a profit of 15%. Find the selling price.”. Option B (Rs. 1,000) is a different value from Rs. 1,035. Option C (Rs. 1,050) is a different value from Rs. 1,035. Option D (Rs. 990) is a different value from Rs. 1,035. Keep Rs. 1,035 as the Profit and Loss Mcqs fact for this stem.
Source: FPSC/NTS Past Papers
Tags: NTS, Profit and Loss, Selling Price
Submitted by: MCQsHub Editorial
Related MCQs
- A trader marks his goods 40% above cost price and gives a discount of 10%. Find his profit percentage.
- A dealer sells goods at cost price but uses a weight of 900 grams instead of 1000 grams. Find his profit perce...
- If cost price of 15 items equals selling price of 12 items, find profit percentage.
- An article is sold at a gain of 20%. If it had been sold for Rs. 40 more, gain would have been 30%. Find the c...
- A shopkeeper buys an item for Rs. 400 and sells it for Rs. 500. Find profit percentage.
- Find the selling price of an item bought for Rs. 250 to gain 20%.