A trader buys an article for Rs. 4285 and sells it for Rs. 2571. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: C. 40%.
- A. 47%
Why not A: “47%” is not 40%.
- B. 50%
Why not B: “50%” is not 40%.
- C. 40% ✓
- D. 34%
Why not D: “34%” is not 40%.
Correct answer
C. 40%
Explanation
40% (option C) is the accepted answer to “A trader buys an article for Rs. 4285 and sells it for Rs. 2571. Find the loss percentage.”. Option A (47%) is a different value from 40%. Option B (50%) is a different value from 40%. Option D (34%) is a different value from 40%. Keep 40% 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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