A trader buys an article for Rs. 3550 and sells it for Rs. 2627. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 26%.
- A. 23%
Why not A: “23%” is not 26%.
- B. 27%
Why not B: “27%” is not 26%.
- C. 20%
Why not C: “20%” is not 26%.
- D. 26% ✓
Correct answer
D. 26%
Explanation
26% (option D) is the accepted answer to “A trader buys an article for Rs. 3550 and sells it for Rs. 2627. Find the loss percentage.”. Option A (23%) is a different value from 26%. Option B (27%) is a different value from 26%. Option C (20%) is a different value from 26%. Keep 26% 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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