A man sells an article for Rs. 1395 at a profit of 20%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 1162.
- A. Rs. 1303
Why not A: “Rs. 1303” is not Rs. 1162.
- B. Rs. 1314
Why not B: “Rs. 1314” is not Rs. 1162.
- C. Rs. 1162 ✓
- D. Rs. 1412
Why not D: “Rs. 1412” is not Rs. 1162.
Correct answer
C. Rs. 1162
Explanation
Rs. 1162 (option C) is the accepted answer to “A man sells an article for Rs. 1395 at a profit of 20%. Find the cost price.”. Option A (Rs. 1303) is a different value from Rs. 1162. Option B (Rs. 1314) is a different value from Rs. 1162. Option D (Rs. 1412) is a different value from Rs. 1162. Keep Rs. 1162 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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