A trader buys an article for Rs. 2355 and sells it for Rs. 1460. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 38%.
- A. 41%
Why not A: “41%” is not 38%.
- B. 33%
Why not B: “33%” is not 38%.
- C. 38% ✓
- D. 45%
Why not D: “45%” is not 38%.
Correct answer
C. 38%
Explanation
38% (option C) is the accepted answer to “A trader buys an article for Rs. 2355 and sells it for Rs. 1460. Find the loss percentage.”. Option A (41%) is a different value from 38%. Option B (33%) is a different value from 38%. Option D (45%) 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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