A trader buys an article for Rs. 2670 and sells it for Rs. 3151. 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. 14%
Why not C: “14%” is not 18%.
- D. 19%
Why not D: “19%” is not 18%.
Correct answer
A. 18%
Explanation
18% (option A) is the accepted answer to “A trader buys an article for Rs. 2670 and sells it for Rs. 3151. Find the profit percentage.”. Option B (21%) is a different value from 18%. Option C (14%) is a different value from 18%. Option D (19%) 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
Related MCQs
- A man sells an article for Rs. 2510 at a loss of 20%. Find the cost price.
- Find the selling price of an item bought for Rs. 2170 to gain 10%.
- A trader buys an article for Rs. 765 and sells it for Rs. 872. Find the profit percentage.
- A trader buys an article for Rs. 4625 and sells it for Rs. 3469. Find the loss percentage.
- Find the selling price of an item bought for Rs. 660 to gain 35%.
- A man sells an article for Rs. 5630 at a profit of 10%. Find the cost price.