A trader buys an article for Rs. 1475 and sells it for Rs. 1564. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 6%.
- A. 8%
Why not A: “8%” is not 6%.
- B. 6% ✓
- C. 7%
Why not C: “7%” is not 6%.
- D. 5%
Why not D: “5%” is not 6%.
Correct answer
B. 6%
Explanation
6% (option B) is the accepted answer to “A trader buys an article for Rs. 1475 and sells it for Rs. 1564. Find the profit percentage.”. Option A (8%) is a different value from 6%. Option C (7%) is a different value from 6%. Option D (5%) is a different value from 6%. Keep 6% 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
- A man sells an article for Rs. 2170 at a profit of 30%. Find the cost price.
- Find the selling price of an item bought for Rs. 2230 to gain 40%.
- A trader buys an article for Rs. 4575 and sells it for Rs. 5856. Find the profit percentage.
- A trader buys an article for Rs. 2235 and sells it for Rs. 2570. Find the profit percentage.
- Find the selling price of an item bought for Rs. 2075 to gain 40%.
- A man sells an article for Rs. 645 at a profit of 20%. Find the cost price.