A trader buys an article for Rs. 1640 and sells it for Rs. 1607. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 2%.
- A. 1%
Why not A: “1%” is not 2%.
- B. 4%
Why not B: “4%” is not 2%.
- C. 3%
Why not C: “3%” is not 2%.
- D. 2% ✓
Correct answer
D. 2%
Explanation
2% (option D) is the accepted answer to “A trader buys an article for Rs. 1640 and sells it for Rs. 1607. Find the loss percentage.”. Option A (1%) is a different value from 2%. Option B (4%) is a different value from 2%. Option C (3%) is a different value from 2%. Keep 2% 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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