A trader buys an article for Rs. 940 and sells it for Rs. 1166. Find the profit percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 24%.
- A. 23%
Why not A: “23%” is not 24%.
- B. 24% ✓
- C. 20%
Why not C: “20%” is not 24%.
- D. 22%
Why not D: “22%” is not 24%.
Correct answer
B. 24%
Explanation
24% (option B) is the accepted answer to “A trader buys an article for Rs. 940 and sells it for Rs. 1166. Find the profit percentage.”. Option A (23%) is a different value from 24%. Option C (20%) is a different value from 24%. Option D (22%) is a different value from 24%. Keep 24% 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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