A trader buys an article for Rs. 980 and sells it for Rs. 510. Find the loss percentage.
Difficulty: Easy
About this MCQ
Easy Profit and Loss Mcqs item. Correct choice: D. 48%.
- A. 39%
Why not A: “39%” is not 48%.
- B. 59%
Why not B: “59%” is not 48%.
- C. 37%
Why not C: “37%” is not 48%.
- D. 48% ✓
Correct answer
D. 48%
Explanation
48% (option D) is the accepted answer to “A trader buys an article for Rs. 980 and sells it for Rs. 510. Find the loss percentage.”. Option A (39%) is a different value from 48%. Option B (59%) is a different value from 48%. Option C (37%) is a different value from 48%. Keep 48% 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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