A man sells an article for Rs. 795 at a loss of 20%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: A. Rs. 994.
- A. Rs. 994 ✓
- B. Rs. 1143
Why not B: “Rs. 1143” is not Rs. 994.
- C. Rs. 760
Why not C: “Rs. 760” is not Rs. 994.
- D. Rs. 1160
Why not D: “Rs. 1160” is not Rs. 994.
Correct answer
A. Rs. 994
Explanation
Rs. 994 (option A) is the accepted answer to “A man sells an article for Rs. 795 at a loss of 20%. Find the cost price.”. Option B (Rs. 1143) is a different value from Rs. 994. Option C (Rs. 760) is a different value from Rs. 994. Option D (Rs. 1160) is a different value from Rs. 994. Keep Rs. 994 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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