A trader buys an article for Rs. 1600 and sells it for Rs. 1216. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 24%.
- A. 24% ✓
- B. 26%
Why not B: “26%” is not 24%.
- C. 30%
Why not C: “30%” is not 24%.
- D. 18%
Why not D: “18%” is not 24%.
Correct answer
A. 24%
Explanation
24% (option A) is the accepted answer to “A trader buys an article for Rs. 1600 and sells it for Rs. 1216. Find the loss percentage.”. Option B (26%) is a different value from 24%. Option C (30%) is a different value from 24%. Option D (18%) is a different value from 24%. Keep 24% 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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