A trader buys an article for Rs. 490 and sells it for Rs. 529. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 8%.
- A. 7%
Why not A: “7%” is not 8%.
- B. 8% ✓
- C. 6%
Why not C: “6%” is not 8%.
- D. 9%
Why not D: “9%” is not 8%.
Correct answer
B. 8%
Explanation
8% (option B) is the accepted answer to “A trader buys an article for Rs. 490 and sells it for Rs. 529. Find the profit percentage.”. Option A (7%) is a different value from 8%. Option C (6%) is a different value from 8%. Option D (9%) is a different value from 8%. Keep 8% 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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