Find the selling price of an item bought for Rs. 505 to gain 10%.
Difficulty: Hard
About this MCQ
Hard Profit and Loss Mcqs item. Correct choice: C. Rs. 556.
- A. Rs. 588
Why not A: “Rs. 588” is not Rs. 556.
- B. Rs. 490
Why not B: “Rs. 490” is not Rs. 556.
- C. Rs. 556 ✓
- D. Rs. 434
Why not D: “Rs. 434” is not Rs. 556.
Correct answer
C. Rs. 556
Explanation
Rs. 556 (option C) is the accepted answer to “Find the selling price of an item bought for Rs. 505 to gain 10%.”. Option A (Rs. 588) is a different value from Rs. 556. Option B (Rs. 490) is a different value from Rs. 556. Option D (Rs. 434) is a different value from Rs. 556. Keep Rs. 556 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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