A trader buys an article for Rs. 3695 and sells it for Rs. 2956. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: B. 20%.
- A. 24%
Why not A: “24%” is not 20%.
- B. 20% ✓
- C. 16%
Why not C: “16%” is not 20%.
- D. 21%
Why not D: “21%” is not 20%.
Correct answer
B. 20%
Explanation
20% (option B) is the accepted answer to “A trader buys an article for Rs. 3695 and sells it for Rs. 2956. Find the loss percentage.”. Option A (24%) is a different value from 20%. Option C (16%) is a different value from 20%. Option D (21%) is a different value from 20%. Keep 20% 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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