A trader buys an article for Rs. 2905 and sells it for Rs. 1598. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 45%.
- A. 47%
Why not A: “47%” is not 45%.
- B. 45% ✓
- C. 53%
Why not C: “53%” is not 45%.
- D. 41%
Why not D: “41%” is not 45%.
Correct answer
B. 45%
Explanation
45% (option B) is the accepted answer to “A trader buys an article for Rs. 2905 and sells it for Rs. 1598. Find the loss percentage.”. Option A (47%) is a different value from 45%. Option C (53%) is a different value from 45%. Option D (41%) is a different value from 45%. Keep 45% 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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