A man sells an article for Rs. 640 at a profit of 12%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: B. Rs. 571.
- A. Rs. 525
Why not A: “Rs. 525” is not Rs. 571.
- B. Rs. 571 ✓
- C. Rs. 506
Why not C: “Rs. 506” is not Rs. 571.
- D. Rs. 448
Why not D: “Rs. 448” is not Rs. 571.
Correct answer
B. Rs. 571
Explanation
Rs. 571 (option B) is the accepted answer to “A man sells an article for Rs. 640 at a profit of 12%. Find the cost price.”. Option A (Rs. 525) is a different value from Rs. 571. Option C (Rs. 506) is a different value from Rs. 571. Option D (Rs. 448) is a different value from Rs. 571. Keep Rs. 571 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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