A trader buys an article for Rs. 1295 and sells it for Rs. 1010. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 22%.
- A. 25%
Why not A: “25%” is not 22%.
- B. 22% ✓
- C. 23%
Why not C: “23%” is not 22%.
- D. 17%
Why not D: “17%” is not 22%.
Correct answer
B. 22%
Explanation
22% (option B) is the accepted answer to “A trader buys an article for Rs. 1295 and sells it for Rs. 1010. Find the loss percentage.”. Option A (25%) is a different value from 22%. Option C (23%) is a different value from 22%. Option D (17%) is a different value from 22%. Keep 22% 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. 1470 at a loss of 32%. Find the cost price.
- Find the selling price of an item bought for Rs. 2095 to gain 5%.
- A trader buys an article for Rs. 905 and sells it for Rs. 833. Find the loss percentage.
- A trader buys an article for Rs. 1995 and sells it for Rs. 2514. Find the profit percentage.
- A man sells an article for Rs. 4530 at a profit of 20%. Find the cost price.
- Find the selling price of an item bought for Rs. 2645 to gain 15%.