A trader buys an article for Rs. 2135 and sells it for Rs. 1537. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 28%.
- A. 23%
Why not A: “23%” is not 28%.
- B. 28% ✓
- C. 24%
Why not C: “24%” is not 28%.
- D. 31%
Why not D: “31%” is not 28%.
Correct answer
B. 28%
Explanation
28% (option B) is the accepted answer to “A trader buys an article for Rs. 2135 and sells it for Rs. 1537. Find the loss percentage.”. Option A (23%) is a different value from 28%. Option C (24%) is a different value from 28%. Option D (31%) is a different value from 28%. Keep 28% 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. 1005 at a loss of 40%. Find the cost price.
- Find the selling price of an item bought for Rs. 130 to gain 25%.
- A trader buys an article for Rs. 2800 and sells it for Rs. 3500. Find the profit percentage.
- A trader buys an article for Rs. 160 and sells it for Rs. 104. Find the loss percentage.
- Find the selling price of an item bought for Rs. 2525 to gain 5%.
- A man sells an article for Rs. 930 at a loss of 15%. Find the cost price.