A trader buys an article for Rs. 1070 and sells it for Rs. 588. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 45%.
- A. 50%
Why not A: “50%” is not 45%.
- B. 45% ✓
- C. 37%
Why not C: “37%” is not 45%.
- D. 51%
Why not D: “51%” is not 45%.
Correct answer
B. 45%
Explanation
45% (option B) is the accepted answer to “A trader buys an article for Rs. 1070 and sells it for Rs. 588. Find the loss percentage.”. Option A (50%) is a different value from 45%. Option C (37%) is a different value from 45%. Option D (51%) is a different value from 45%. Keep 45% 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. 3935 at a profit of 20%. Find the cost price.
- Find the selling price of an item bought for Rs. 1905 to gain 15%.
- A trader buys an article for Rs. 4730 and sells it for Rs. 2933. Find the loss percentage.
- A trader buys an article for Rs. 1835 and sells it for Rs. 1376. Find the loss percentage.
- Find the selling price of an item bought for Rs. 1210 to gain 25%.
- A man sells an article for Rs. 1550 at a loss of 5%. Find the cost price.