A trader buys an article for Rs. 2940 and sells it for Rs. 1999. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 32%.
- A. 40%
Why not A: “40%” is not 32%.
- B. 28%
Why not B: “28%” is not 32%.
- C. 35%
Why not C: “35%” is not 32%.
- D. 32% ✓
Correct answer
D. 32%
Explanation
32% (option D) is the accepted answer to “A trader buys an article for Rs. 2940 and sells it for Rs. 1999. Find the loss percentage.”. Option A (40%) is a different value from 32%. Option B (28%) is a different value from 32%. Option C (35%) is a different value from 32%. Keep 32% 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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