A trader buys an article for Rs. 2540 and sells it for Rs. 2692. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 6%.
- A. 6% ✓
- B. 5%
Why not B: “5%” is not 6%.
- C. 8%
Why not C: “8%” is not 6%.
- D. 7%
Why not D: “7%” is not 6%.
Correct answer
A. 6%
Explanation
6% (option A) is the accepted answer to “A trader buys an article for Rs. 2540 and sells it for Rs. 2692. Find the profit percentage.”. Option B (5%) is a different value from 6%. Option C (8%) is a different value from 6%. Option D (7%) 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
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