An article is sold at a gain of 20%. If it had been sold for Rs. 40 more, gain would have been 30%. Find the cost price.
Difficulty: Hard
About this MCQ
Hard Profit and Loss Mcqs item. Correct choice: A. Rs. 400.
- A. Rs. 400 ✓
- B. Rs. 350
Why not B: “Rs. 350” is not Rs. 400.
- C. Rs. 450
Why not C: “Rs. 450” is not Rs. 400.
- D. Rs. 380
Why not D: “Rs. 380” is not Rs. 400.
Correct answer
A. Rs. 400
Explanation
Rs. 400 (option A) is the accepted answer to “An article is sold at a gain of 20%. If it had been sold for Rs. 40 more, gain would have been 30%. Find the cost price.”. Option B (Rs. 350) is a different value from Rs. 400. Option C (Rs. 450) is a different value from Rs. 400. Option D (Rs. 380) is a different value from Rs. 400. Keep Rs. 400 as the Profit and Loss Mcqs fact for this stem.
Source: FPSC/NTS Past Papers
Tags: FPSC, Profit and Loss, Advanced
Submitted by: MCQsHub Editorial
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