A trader buys an article for Rs. 2060 and sells it for Rs. 3090. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 50%.
- A. 50% ✓
- B. 47%
Why not B: “47%” is not 50%.
- C. 53%
Why not C: “53%” is not 50%.
- D. 42%
Why not D: “42%” is not 50%.
Correct answer
A. 50%
Explanation
50% (option A) is the accepted answer to “A trader buys an article for Rs. 2060 and sells it for Rs. 3090. Find the profit percentage.”. Option B (47%) is a different value from 50%. Option C (53%) is a different value from 50%. Option D (42%) is a different value from 50%. Keep 50% 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. 2185 at a profit of 10%. Find the cost price.
- Find the selling price of an item bought for Rs. 1320 to gain 15%.
- A trader buys an article for Rs. 1965 and sells it for Rs. 2437. Find the profit percentage.
- A trader buys an article for Rs. 4850 and sells it for Rs. 4608. Find the loss percentage.
- Find the selling price of an item bought for Rs. 2180 to gain 25%.
- A man sells an article for Rs. 5985 at a profit of 20%. Find the cost price.