A trader buys an article for Rs. 1585 and sells it for Rs. 1173. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 26%.
- A. 26% ✓
- B. 32%
Why not B: “32%” is not 26%.
- C. 29%
Why not C: “29%” is not 26%.
- D. 30%
Why not D: “30%” is not 26%.
Correct answer
A. 26%
Explanation
26% (option A) is the accepted answer to “A trader buys an article for Rs. 1585 and sells it for Rs. 1173. Find the loss percentage.”. Option B (32%) is a different value from 26%. Option C (29%) is a different value from 26%. Option D (30%) is a different value from 26%. Keep 26% 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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