A man sells an article for Rs. 1220 at a profit of 30%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: D. Rs. 938.
- A. Rs. 1065
Why not A: “Rs. 1065” is not Rs. 938.
- B. Rs. 723
Why not B: “Rs. 723” is not Rs. 938.
- C. Rs. 778
Why not C: “Rs. 778” is not Rs. 938.
- D. Rs. 938 ✓
Correct answer
D. Rs. 938
Explanation
Rs. 938 (option D) is the accepted answer to “A man sells an article for Rs. 1220 at a profit of 30%. Find the cost price.”. Option A (Rs. 1065) is a different value from Rs. 938. Option B (Rs. 723) is a different value from Rs. 938. Option C (Rs. 778) is a different value from Rs. 938. Keep Rs. 938 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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