A trader buys an article for Rs. 3515 and sells it for Rs. 3164. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 10%.
- A. 11%
Why not A: “11%” is not 10%.
- B. 8%
Why not B: “8%” is not 10%.
- C. 10% ✓
- D. 12%
Why not D: “12%” is not 10%.
Correct answer
C. 10%
Explanation
10% (option C) is the accepted answer to “A trader buys an article for Rs. 3515 and sells it for Rs. 3164. Find the loss percentage.”. Option A (11%) is a different value from 10%. Option B (8%) is a different value from 10%. Option D (12%) 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
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