A man sells an article for Rs. 970 at a profit of 5%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: D. Rs. 924.
- A. Rs. 740
Why not A: “Rs. 740” is not Rs. 924.
- B. Rs. 793
Why not B: “Rs. 793” is not Rs. 924.
- C. Rs. 787
Why not C: “Rs. 787” is not Rs. 924.
- D. Rs. 924 ✓
Correct answer
D. Rs. 924
Explanation
Rs. 924 (option D) is the accepted answer to “A man sells an article for Rs. 970 at a profit of 5%. Find the cost price.”. Option A (Rs. 740) is a different value from Rs. 924. Option B (Rs. 793) is a different value from Rs. 924. Option C (Rs. 787) is a different value from Rs. 924. Keep Rs. 924 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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