A trader buys an article for Rs. 1990 and sells it for Rs. 2348. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 18%.
- A. 18% ✓
- B. 21%
Why not B: “21%” is not 18%.
- C. 20%
Why not C: “20%” is not 18%.
- D. 14%
Why not D: “14%” is not 18%.
Correct answer
A. 18%
Explanation
18% (option A) is the accepted answer to “A trader buys an article for Rs. 1990 and sells it for Rs. 2348. Find the profit percentage.”. Option B (21%) is a different value from 18%. Option C (20%) is a different value from 18%. Option D (14%) is a different value from 18%. Keep 18% 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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