A trader buys an article for Rs. 3980 and sells it for Rs. 4617. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 16%.
- A. 16% ✓
- B. 17%
Why not B: “17%” is not 16%.
- C. 18%
Why not C: “18%” is not 16%.
- D. 19%
Why not D: “19%” is not 16%.
Correct answer
A. 16%
Explanation
16% (option A) is the accepted answer to “A trader buys an article for Rs. 3980 and sells it for Rs. 4617. Find the profit percentage.”. Option B (17%) is a different value from 16%. Option C (18%) is a different value from 16%. Option D (19%) 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
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