A trader buys an article for Rs. 1015 and sells it for Rs. 731. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 28%.
- A. 28% ✓
- B. 32%
Why not B: “32%” is not 28%.
- C. 22%
Why not C: “22%” is not 28%.
- D. 27%
Why not D: “27%” is not 28%.
Correct answer
A. 28%
Explanation
28% (option A) is the accepted answer to “A trader buys an article for Rs. 1015 and sells it for Rs. 731. Find the loss percentage.”. Option B (32%) is a different value from 28%. Option C (22%) is a different value from 28%. Option D (27%) is a different value from 28%. Keep 28% 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
Related MCQs
- A man sells an article for Rs. 3060 at a loss of 18%. Find the cost price.
- Find the selling price of an item bought for Rs. 235 to gain 20%.
- A trader buys an article for Rs. 3305 and sells it for Rs. 2479. Find the loss percentage.
- A trader buys an article for Rs. 940 and sells it for Rs. 1166. Find the profit percentage.
- Find the selling price of an item bought for Rs. 1805 to gain 30%.
- A man sells an article for Rs. 1375 at a loss of 30%. Find the cost price.