A trader buys an article for Rs. 3820 and sells it for Rs. 3362. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 12%.
- A. 12% ✓
- B. 15%
Why not B: “15%” is not 12%.
- C. 9%
Why not C: “9%” is not 12%.
- D. 14%
Why not D: “14%” is not 12%.
Correct answer
A. 12%
Explanation
12% (option A) is the accepted answer to “A trader buys an article for Rs. 3820 and sells it for Rs. 3362. Find the loss percentage.”. Option B (15%) is a different value from 12%. Option C (9%) is a different value from 12%. Option D (14%) is a different value from 12%. Keep 12% 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 man sells an article for Rs. 5685 at a profit of 35%. Find the cost price.
- Find the selling price of an item bought for Rs. 660 to gain 35%.
- A trader buys an article for Rs. 730 and sells it for Rs. 1095. Find the profit percentage.
- A trader buys an article for Rs. 765 and sells it for Rs. 872. Find the profit percentage.
- Find the selling price of an item bought for Rs. 1225 to gain 20%.
- A man sells an article for Rs. 2510 at a loss of 20%. Find the cost price.