A man sells an article for Rs. 975 at a profit of 28%. Find the cost price.
Difficulty: Medium
About this MCQ
Medium Profit and Loss Mcqs item. Correct choice: C. Rs. 762.
- A. Rs. 623
Why not A: “Rs. 623” is not Rs. 762.
- B. Rs. 862
Why not B: “Rs. 862” is not Rs. 762.
- C. Rs. 762 ✓
- D. Rs. 600
Why not D: “Rs. 600” is not Rs. 762.
Correct answer
C. Rs. 762
Explanation
Rs. 762 (option C) is the accepted answer to “A man sells an article for Rs. 975 at a profit of 28%. Find the cost price.”. Option A (Rs. 623) is a different value from Rs. 762. Option B (Rs. 862) is a different value from Rs. 762. Option D (Rs. 600) is a different value from Rs. 762. Keep Rs. 762 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
Related MCQs
- Find the selling price of an item bought for Rs. 2940 to gain 30%.
- A trader buys an article for Rs. 2780 and sells it for Rs. 2641. Find the loss percentage.
- A man sells an article for Rs. 5290 at a profit of 35%. Find the cost price.
- A man sells an article for Rs. 365 at a profit of 5%. Find the cost price.
- A trader buys an article for Rs. 830 and sells it for Rs. 872. Find the profit percentage.
- Find the selling price of an item bought for Rs. 390 to gain 25%.