A trader buys an article for Rs. 2120 and sells it for Rs. 1590. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 25%.
- A. 25% ✓
- B. 27%
Why not B: “27%” is not 25%.
- C. 29%
Why not C: “29%” is not 25%.
- D. 19%
Why not D: “19%” is not 25%.
Correct answer
A. 25%
Explanation
25% (option A) is the accepted answer to “A trader buys an article for Rs. 2120 and sells it for Rs. 1590. Find the loss percentage.”. Option B (27%) is a different value from 25%. Option C (29%) is a different value from 25%. Option D (19%) is a different value from 25%. Keep 25% 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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