A trader buys an article for Rs. 1985 and sells it for Rs. 2938. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 48%.
- A. 37%
Why not A: “37%” is not 48%.
- B. 40%
Why not B: “40%” is not 48%.
- C. 48% ✓
- D. 42%
Why not D: “42%” is not 48%.
Correct answer
C. 48%
Explanation
48% (option C) is the accepted answer to “A trader buys an article for Rs. 1985 and sells it for Rs. 2938. Find the profit percentage.”. Option A (37%) is a different value from 48%. Option B (40%) is a different value from 48%. Option D (42%) is a different value from 48%. Keep 48% 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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