A trader buys an article for Rs. 3970 and sells it for Rs. 1985. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 50%.
- A. 57%
Why not A: “57%” is not 50%.
- B. 56%
Why not B: “56%” is not 50%.
- C. 54%
Why not C: “54%” is not 50%.
- D. 50% ✓
Correct answer
D. 50%
Explanation
50% (option D) is the accepted answer to “A trader buys an article for Rs. 3970 and sells it for Rs. 1985. Find the loss percentage.”. Option A (57%) is a different value from 50%. Option B (56%) is a different value from 50%. Option C (54%) is a different value from 50%. Keep 50% 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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