A man sells an article for Rs. 1200 at a loss of 30%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: A. Rs. 1714.
- A. Rs. 1714 ✓
- B. Rs. 1398
Why not B: “Rs. 1398” is not Rs. 1714.
- C. Rs. 1582
Why not C: “Rs. 1582” is not Rs. 1714.
- D. Rs. 1491
Why not D: “Rs. 1491” is not Rs. 1714.
Correct answer
A. Rs. 1714
Explanation
Rs. 1714 (option A) is the accepted answer to “A man sells an article for Rs. 1200 at a loss of 30%. Find the cost price.”. Option B (Rs. 1398) is a different value from Rs. 1714. Option C (Rs. 1582) is a different value from Rs. 1714. Option D (Rs. 1491) is a different value from Rs. 1714. Keep Rs. 1714 as the Profit and Loss Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Profit and Loss
Submitted by: MCQsHub Editorial
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