A trader buys an article for Rs. 3100 and sells it for Rs. 3596. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 16%.
- A. 16% ✓
- B. 13%
Why not B: “13%” is not 16%.
- C. 17%
Why not C: “17%” is not 16%.
- D. 14%
Why not D: “14%” is not 16%.
Correct answer
A. 16%
Explanation
16% (option A) is the accepted answer to “A trader buys an article for Rs. 3100 and sells it for Rs. 3596. Find the profit percentage.”. Option B (13%) is a different value from 16%. Option C (17%) is a different value from 16%. Option D (14%) is a different value from 16%. Keep 16% 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. 1810 at a loss of 18%. Find the cost price.
- Find the selling price of an item bought for Rs. 1640 to gain 30%.
- A trader buys an article for Rs. 4075 and sells it for Rs. 3668. Find the loss percentage.
- A trader buys an article for Rs. 4345 and sells it for Rs. 3650. Find the loss percentage.
- Find the selling price of an item bought for Rs. 245 to gain 25%.
- A man sells an article for Rs. 1385 at a loss of 28%. Find the cost price.