A man sells an article for Rs. 530 at a profit of 10%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 482.
- A. Rs. 376
Why not A: “Rs. 376” is not Rs. 482.
- B. Rs. 598
Why not B: “Rs. 598” is not Rs. 482.
- C. Rs. 482 ✓
- D. Rs. 508
Why not D: “Rs. 508” is not Rs. 482.
Correct answer
C. Rs. 482
Explanation
Rs. 482 (option C) is the accepted answer to “A man sells an article for Rs. 530 at a profit of 10%. Find the cost price.”. Option A (Rs. 376) is a different value from Rs. 482. Option B (Rs. 598) is a different value from Rs. 482. Option D (Rs. 508) is a different value from Rs. 482. Keep Rs. 482 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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