A trader buys an article for Rs. 2430 and sells it for Rs. 1895. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 22%.
- A. 22% ✓
- B. 26%
Why not B: “26%” is not 22%.
- C. 18%
Why not C: “18%” is not 22%.
- D. 27%
Why not D: “27%” is not 22%.
Correct answer
A. 22%
Explanation
22% (option A) is the accepted answer to “A trader buys an article for Rs. 2430 and sells it for Rs. 1895. Find the loss percentage.”. Option B (26%) is a different value from 22%. Option C (18%) is a different value from 22%. Option D (27%) is a different value from 22%. Keep 22% 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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