Find the selling price of an item bought for Rs. 970 to gain 20%.
Difficulty: Hard
About this MCQ
Hard Profit and Loss Mcqs item. Correct choice: D. Rs. 1164.
- A. Rs. 1050
Why not A: “Rs. 1050” is not Rs. 1164.
- B. Rs. 1056
Why not B: “Rs. 1056” is not Rs. 1164.
- C. Rs. 908
Why not C: “Rs. 908” is not Rs. 1164.
- D. Rs. 1164 ✓
Correct answer
D. Rs. 1164
Explanation
Rs. 1164 (option D) is the accepted answer to “Find the selling price of an item bought for Rs. 970 to gain 20%.”. Option A (Rs. 1050) is a different value from Rs. 1164. Option B (Rs. 1056) is a different value from Rs. 1164. Option C (Rs. 908) is a different value from Rs. 1164. Keep Rs. 1164 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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