A trader buys an article for Rs. 1220 and sells it for Rs. 732. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 40%.
- A. 37%
Why not A: “37%” is not 40%.
- B. 40% ✓
- C. 34%
Why not C: “34%” is not 40%.
- D. 45%
Why not D: “45%” is not 40%.
Correct answer
B. 40%
Explanation
40% (option B) is the accepted answer to “A trader buys an article for Rs. 1220 and sells it for Rs. 732. Find the loss percentage.”. Option A (37%) is a different value from 40%. Option C (34%) is a different value from 40%. Option D (45%) is a different value from 40%. Keep 40% 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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