A trader buys an article for Rs. 585 and sells it for Rs. 526. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: A. 10.1%.
- A. 10.1% ✓
- B. 7.87%
Why not B: “7.87%” is not 10.1%.
- C. 12.18%
Why not C: “12.18%” is not 10.1%.
- D. 11.55%
Why not D: “11.55%” is not 10.1%.
Correct answer
A. 10.1%
Explanation
10.1% (option A) is the accepted answer to “A trader buys an article for Rs. 585 and sells it for Rs. 526. Find the loss percentage.”. Option B (7.87%) is a different value from 10.1%. Option C (12.18%) is a different value from 10.1%. Option D (11.55%) is a different value from 10.1%. Keep 10.1% 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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