A trader buys an article for Rs. 1765 and sells it for Rs. 1024. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 42%.
- A. 42% ✓
- B. 38%
Why not B: “38%” is not 42%.
- C. 35%
Why not C: “35%” is not 42%.
- D. 47%
Why not D: “47%” is not 42%.
Correct answer
A. 42%
Explanation
42% (option A) is the accepted answer to “A trader buys an article for Rs. 1765 and sells it for Rs. 1024. Find the loss percentage.”. Option B (38%) is a different value from 42%. Option C (35%) is a different value from 42%. Option D (47%) is a different value from 42%. Keep 42% 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
Related MCQs
- A man sells an article for Rs. 1565 at a loss of 22%. Find the cost price.
- Find the selling price of an item bought for Rs. 615 to gain 40%.
- A trader buys an article for Rs. 2390 and sells it for Rs. 3394. Find the profit percentage.
- A trader buys an article for Rs. 1350 and sells it for Rs. 1755. Find the profit percentage.
- Find the selling price of an item bought for Rs. 2545 to gain 30%.
- A man sells an article for Rs. 1690 at a profit of 38%. Find the cost price.