A trader buys an article for Rs. 1510 and sells it for Rs. 1389. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 8%.
- A. 9%
Why not A: “9%” is not 8%.
- B. 6%
Why not B: “6%” is not 8%.
- C. 8% ✓
- D. 10%
Why not D: “10%” is not 8%.
Correct answer
C. 8%
Explanation
8% (option C) is the accepted answer to “A trader buys an article for Rs. 1510 and sells it for Rs. 1389. Find the loss percentage.”. Option A (9%) is a different value from 8%. Option B (6%) is a different value from 8%. Option D (10%) is a different value from 8%. Keep 8% 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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