A trader buys an article for Rs. 1510 and sells it for Rs. 1268. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 16%.
- A. 16% ✓
- B. 13%
Why not B: “13%” is not 16%.
- C. 19%
Why not C: “19%” is not 16%.
- D. 18%
Why not D: “18%” is not 16%.
Correct answer
A. 16%
Explanation
16% (option A) is the accepted answer to “A trader buys an article for Rs. 1510 and sells it for Rs. 1268. Find the loss percentage.”. Option B (13%) is a different value from 16%. Option C (19%) is a different value from 16%. Option D (18%) is a different value from 16%. Keep 16% 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. 2955 at a profit of 35%. Find the cost price.
- Find the selling price of an item bought for Rs. 1840 to gain 20%.
- A trader buys an article for Rs. 4860 and sells it for Rs. 6124. Find the profit percentage.
- A trader buys an article for Rs. 770 and sells it for Rs. 500. Find the loss percentage.
- A man sells an article for Rs. 3245 at a profit of 20%. Find the cost price.
- A man sells an article for Rs. 5520 at a loss of 12%. Find the cost price.