A trader buys an article for Rs. 4945 and sells it for Rs. 3560. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 28%.
- A. 23%
Why not A: “23%” is not 28%.
- B. 31%
Why not B: “31%” is not 28%.
- C. 33%
Why not C: “33%” is not 28%.
- D. 28% ✓
Correct answer
D. 28%
Explanation
28% (option D) is the accepted answer to “A trader buys an article for Rs. 4945 and sells it for Rs. 3560. Find the loss percentage.”. Option A (23%) is a different value from 28%. Option B (31%) is a different value from 28%. Option C (33%) is a different value from 28%. Keep 28% 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. 4275 at a profit of 10%. Find the cost price.
- Find the selling price of an item bought for Rs. 1915 to gain 15%.
- A trader buys an article for Rs. 3025 and sells it for Rs. 3570. Find the profit percentage.
- A trader buys an article for Rs. 3355 and sells it for Rs. 3187. Find the loss percentage.
- Find the selling price of an item bought for Rs. 2375 to gain 40%.
- A man sells an article for Rs. 3200 at a profit of 18%. Find the cost price.