A trader buys an article for Rs. 4710 and sells it for Rs. 3062. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 35%.
- A. 35% ✓
- B. 31%
Why not B: “31%” is not 35%.
- C. 42%
Why not C: “42%” is not 35%.
- D. 44%
Why not D: “44%” is not 35%.
Correct answer
A. 35%
Explanation
35% (option A) is the accepted answer to “A trader buys an article for Rs. 4710 and sells it for Rs. 3062. Find the loss percentage.”. Option B (31%) is a different value from 35%. Option C (42%) is a different value from 35%. Option D (44%) is a different value from 35%. Keep 35% 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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