A trader buys an article for Rs. 3440 and sells it for Rs. 2958. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 14%.
- A. 17%
Why not A: “17%” is not 14%.
- B. 11%
Why not B: “11%” is not 14%.
- C. 14% ✓
- D. 12%
Why not D: “12%” is not 14%.
Correct answer
C. 14%
Explanation
14% (option C) is the accepted answer to “A trader buys an article for Rs. 3440 and sells it for Rs. 2958. Find the loss percentage.”. Option A (17%) is a different value from 14%. Option B (11%) is a different value from 14%. Option D (12%) is a different value from 14%. Keep 14% 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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