A trader buys an article for Rs. 2280 and sells it for Rs. 1414. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 38%.
- A. 29%
Why not A: “29%” is not 38%.
- B. 38% ✓
- C. 31%
Why not C: “31%” is not 38%.
- D. 34%
Why not D: “34%” is not 38%.
Correct answer
B. 38%
Explanation
38% (option B) is the accepted answer to “A trader buys an article for Rs. 2280 and sells it for Rs. 1414. Find the loss percentage.”. Option A (29%) is a different value from 38%. Option C (31%) is a different value from 38%. Option D (34%) is a different value from 38%. Keep 38% 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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