A man sells an article for Rs. 1240 at a profit of 12%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 1107.
- A. Rs. 1182
Why not A: “Rs. 1182” is not Rs. 1107.
- B. Rs. 1305
Why not B: “Rs. 1305” is not Rs. 1107.
- C. Rs. 1107 ✓
- D. Rs. 856
Why not D: “Rs. 856” is not Rs. 1107.
Correct answer
C. Rs. 1107
Explanation
Rs. 1107 (option C) is the accepted answer to “A man sells an article for Rs. 1240 at a profit of 12%. Find the cost price.”. Option A (Rs. 1182) is a different value from Rs. 1107. Option B (Rs. 1305) is a different value from Rs. 1107. Option D (Rs. 856) is a different value from Rs. 1107. Keep Rs. 1107 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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