A trader buys an article for Rs. 1015 and sells it for Rs. 1137. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 12%.
- A. 12% ✓
- B. 10%
Why not B: “10%” is not 12%.
- C. 13%
Why not C: “13%” is not 12%.
- D. 11%
Why not D: “11%” is not 12%.
Correct answer
A. 12%
Explanation
12% (option A) is the accepted answer to “A trader buys an article for Rs. 1015 and sells it for Rs. 1137. Find the profit percentage.”. Option B (10%) is a different value from 12%. Option C (13%) is a different value from 12%. Option D (11%) is a different value from 12%. Keep 12% 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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