A trader buys an article for Rs. 1050 and sells it for Rs. 840. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 20%.
- A. 17%
Why not A: “17%” is not 20%.
- B. 25%
Why not B: “25%” is not 20%.
- C. 20% ✓
- D. 23%
Why not D: “23%” is not 20%.
Correct answer
C. 20%
Explanation
20% (option C) is the accepted answer to “A trader buys an article for Rs. 1050 and sells it for Rs. 840. Find the loss percentage.”. Option A (17%) is a different value from 20%. Option B (25%) is a different value from 20%. Option D (23%) is a different value from 20%. Keep 20% 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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