A man sells an article for Rs. 1440 at a profit of 5%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 1371.
- A. Rs. 1091
Why not A: “Rs. 1091” is not Rs. 1371.
- B. Rs. 1660
Why not B: “Rs. 1660” is not Rs. 1371.
- C. Rs. 1371 ✓
- D. Rs. 1037
Why not D: “Rs. 1037” is not Rs. 1371.
Correct answer
C. Rs. 1371
Explanation
Rs. 1371 (option C) is the accepted answer to “A man sells an article for Rs. 1440 at a profit of 5%. Find the cost price.”. Option A (Rs. 1091) is a different value from Rs. 1371. Option B (Rs. 1660) is a different value from Rs. 1371. Option D (Rs. 1037) is a different value from Rs. 1371. Keep Rs. 1371 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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