A trader buys an article for Rs. 1615 and sells it for Rs. 1260. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 22%.
- A. 21%
Why not A: “21%” is not 22%.
- B. 22% ✓
- C. 24%
Why not C: “24%” is not 22%.
- D. 25%
Why not D: “25%” is not 22%.
Correct answer
B. 22%
Explanation
22% (option B) is the accepted answer to “A trader buys an article for Rs. 1615 and sells it for Rs. 1260. Find the loss percentage.”. Option A (21%) is a different value from 22%. Option C (24%) is a different value from 22%. Option D (25%) 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
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