A man sells an article for Rs. 2000 at a profit of 40%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: D. Rs. 1429.
- A. Rs. 1548
Why not A: “Rs. 1548” is not Rs. 1429.
- B. Rs. 1321
Why not B: “Rs. 1321” is not Rs. 1429.
- C. Rs. 1251
Why not C: “Rs. 1251” is not Rs. 1429.
- D. Rs. 1429 ✓
Correct answer
D. Rs. 1429
Explanation
Rs. 1429 (option D) is the accepted answer to “A man sells an article for Rs. 2000 at a profit of 40%. Find the cost price.”. Option A (Rs. 1548) is a different value from Rs. 1429. Option B (Rs. 1321) is a different value from Rs. 1429. Option C (Rs. 1251) is a different value from Rs. 1429. Keep Rs. 1429 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
Related MCQs
- A man sells an article for Rs. 3270 at a profit of 12%. Find the cost price.
- A trader buys an article for Rs. 4810 and sells it for Rs. 7215. Find the profit percentage.
- A trader buys an article for Rs. 2940 and sells it for Rs. 1999. Find the loss percentage.
- A man sells an article for Rs. 1840 at a loss of 12%. Find the cost price.
- Find the selling price of an item bought for Rs. 2275 to gain 20%.
- Find the selling price of an item bought for Rs. 280 to gain 25%.