A trader buys an article for Rs. 355 and sells it for Rs. 426. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 20%.
- A. 18%
Why not A: “18%” is not 20%.
- B. 20% ✓
- C. 22%
Why not C: “22%” is not 20%.
- D. 17%
Why not D: “17%” is not 20%.
Correct answer
B. 20%
Explanation
20% (option B) is the accepted answer to “A trader buys an article for Rs. 355 and sells it for Rs. 426. Find the profit percentage.”. Option A (18%) is a different value from 20%. Option C (22%) is a different value from 20%. Option D (17%) is a different value from 20%. Keep 20% 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 trader buys an article for Rs. 3515 and sells it for Rs. 3164. Find the loss percentage.
- Find the selling price of an item bought for Rs. 2470 to gain 10%.
- Find the selling price of an item bought for Rs. 620 to gain 25%.
- A trader buys an article for Rs. 4770 and sells it for Rs. 7060. Find the profit percentage.
- A man sells an article for Rs. 2365 at a loss of 35%. Find the cost price.
- A man sells an article for Rs. 3500 at a profit of 28%. Find the cost price.