A trader buys an article for Rs. 4375 and sells it for Rs. 3062. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 30%.
- A. 30% ✓
- B. 33%
Why not B: “33%” is not 30%.
- C. 28%
Why not C: “28%” is not 30%.
- D. 35%
Why not D: “35%” is not 30%.
Correct answer
A. 30%
Explanation
30% (option A) is the accepted answer to “A trader buys an article for Rs. 4375 and sells it for Rs. 3062. Find the loss percentage.”. Option B (33%) is a different value from 30%. Option C (28%) is a different value from 30%. Option D (35%) is a different value from 30%. Keep 30% 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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