A trader buys an article for Rs. 1765 and sells it for Rs. 1412. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 20%.
- A. 20% ✓
- B. 24%
Why not B: “24%” is not 20%.
- C. 21%
Why not C: “21%” is not 20%.
- D. 16%
Why not D: “16%” is not 20%.
Correct answer
A. 20%
Explanation
20% (option A) is the accepted answer to “A trader buys an article for Rs. 1765 and sells it for Rs. 1412. Find the loss percentage.”. Option B (24%) is a different value from 20%. Option C (21%) is a different value from 20%. Option D (16%) is a different value from 20%. Keep 20% 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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