A trader buys an article for Rs. 770 and sells it for Rs. 1016. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 31.9%.
- A. 31.9% ✓
- B. 25.3%
Why not B: “25.3%” is not 31.9%.
- C. 33.97%
Why not C: “33.97%” is not 31.9%.
- D. 25.42%
Why not D: “25.42%” is not 31.9%.
Correct answer
A. 31.9%
Explanation
31.9% (option A) is the accepted answer to “A trader buys an article for Rs. 770 and sells it for Rs. 1016. Find the profit percentage.”. Option B (25.3%) is a different value from 31.9%. Option C (33.97%) is a different value from 31.9%. Option D (25.42%) is a different value from 31.9%. Keep 31.9% 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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