A trader buys an article for Rs. 1860 and sells it for Rs. 2083. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 12%.
- A. 11%
Why not A: “11%” is not 12%.
- B. 10%
Why not B: “10%” is not 12%.
- C. 12% ✓
- D. 14%
Why not D: “14%” is not 12%.
Correct answer
C. 12%
Explanation
12% (option C) is the accepted answer to “A trader buys an article for Rs. 1860 and sells it for Rs. 2083. Find the profit percentage.”. Option A (11%) is a different value from 12%. Option B (10%) is a different value from 12%. Option D (14%) 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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