A trader buys an article for Rs. 550 and sells it for Rs. 638. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 16%.
- A. 15%
Why not A: “15%” is not 16%.
- B. 18%
Why not B: “18%” is not 16%.
- C. 16% ✓
- D. 14%
Why not D: “14%” is not 16%.
Correct answer
C. 16%
Explanation
16% (option C) is the accepted answer to “A trader buys an article for Rs. 550 and sells it for Rs. 638. Find the profit percentage.”. Option A (15%) is a different value from 16%. Option B (18%) 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
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