A man sells an article for Rs. 500 at a profit of 30%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 385.
- A. Rs. 438
Why not A: “Rs. 438” is not Rs. 385.
- B. Rs. 357
Why not B: “Rs. 357” is not Rs. 385.
- C. Rs. 385 ✓
- D. Rs. 348
Why not D: “Rs. 348” is not Rs. 385.
Correct answer
C. Rs. 385
Explanation
Rs. 385 (option C) is the accepted answer to “A man sells an article for Rs. 500 at a profit of 30%. Find the cost price.”. Option A (Rs. 438) is a different value from Rs. 385. Option B (Rs. 357) is a different value from Rs. 385. Option D (Rs. 348) is a different value from Rs. 385. Keep Rs. 385 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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