A man sells an article for Rs. 365 at a profit of 5%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: B. Rs. 348.
- A. Rs. 427
Why not A: “Rs. 427” is not Rs. 348.
- B. Rs. 348 ✓
- C. Rs. 298
Why not C: “Rs. 298” is not Rs. 348.
- D. Rs. 321
Why not D: “Rs. 321” is not Rs. 348.
Correct answer
B. Rs. 348
Explanation
Rs. 348 (option B) is the accepted answer to “A man sells an article for Rs. 365 at a profit of 5%. Find the cost price.”. Option A (Rs. 427) is a different value from Rs. 348. Option C (Rs. 298) is a different value from Rs. 348. Option D (Rs. 321) is a different value from Rs. 348. Keep Rs. 348 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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