A trader buys an article for Rs. 3020 and sells it for Rs. 2718. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 10%.
- A. 9%
Why not A: “9%” is not 10%.
- B. 12%
Why not B: “12%” is not 10%.
- C. 11%
Why not C: “11%” is not 10%.
- D. 10% ✓
Correct answer
D. 10%
Explanation
10% (option D) is the accepted answer to “A trader buys an article for Rs. 3020 and sells it for Rs. 2718. Find the loss percentage.”. Option A (9%) is a different value from 10%. Option B (12%) is a different value from 10%. Option C (11%) is a different value from 10%. Keep 10% 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
Related MCQs
- A trader buys an article for Rs. 1335 and sells it for Rs. 1282. Find the loss percentage.
- A trader buys an article for Rs. 2415 and sells it for Rs. 2898. Find the profit percentage.
- Find the selling price of an item bought for Rs. 1015 to gain 10%.
- A man sells an article for Rs. 3825 at a loss of 20%. Find the cost price.
- A man sells an article for Rs. 2335 at a profit of 35%. Find the cost price.
- Find the selling price of an item bought for Rs. 2425 to gain 20%.