A man sells an article for Rs. 1,200 at a loss of 20%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: A. Rs. 1,500.
- A. Rs. 1,500 ✓
- B. Rs. 1,440
Why not B: “Rs. 1,440” is not Rs. 1,500.
- C. Rs. 1,600
Why not C: “Rs. 1,600” is not Rs. 1,500.
- D. Rs. 1,350
Why not D: “Rs. 1,350” is not Rs. 1,500.
Correct answer
A. Rs. 1,500
Explanation
Rs. 1,500 (option A) is the accepted answer to “A man sells an article for Rs. 1,200 at a loss of 20%. Find the cost price.”. Option B (Rs. 1,440) is a different value from Rs. 1,500. Option C (Rs. 1,600) is a different value from Rs. 1,500. Option D (Rs. 1,350) is a different value from Rs. 1,500. Keep Rs. 1,500 as the Profit and Loss Mcqs fact for this stem.
Source: FPSC/NTS Past Papers
Tags: FPSC, Profit and Loss, Cost Price
Submitted by: MCQsHub Editorial
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