A man sells an article for Rs. 470 at a profit of 10%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 427.
- A. Rs. 497
Why not A: “Rs. 497” is not Rs. 427.
- B. Rs. 362
Why not B: “Rs. 362” is not Rs. 427.
- C. Rs. 427 ✓
- D. Rs. 353
Why not D: “Rs. 353” is not Rs. 427.
Correct answer
C. Rs. 427
Explanation
Rs. 427 (option C) is the accepted answer to “A man sells an article for Rs. 470 at a profit of 10%. Find the cost price.”. Option A (Rs. 497) is a different value from Rs. 427. Option B (Rs. 362) is a different value from Rs. 427. Option D (Rs. 353) is a different value from Rs. 427. Keep Rs. 427 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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