Incorrect spelling, explanation: you can’t spell this noun as loction because this version lacks one of the vowels, which changes its structure. If one’s not sure how to write down a word in the English language, one should check its etymology first. Location originates from Latin locatio and it’s the only correct form.

Correct spelling, explanation: location is a noun that has a long history. It comes from the Latin language and we must stick to the etymology when spelling this word. It contains four vowels: -o, -a, -t, and -o. The incorrect version contains only three of them. Therefore, loction is just a mistake.

Definition of location:
noun, a place where something happens or exists
I don’t want to go to this university. Its location is terrible: too far from home.
Mark didn’t know how to get to his girlfriend’s house. He had to check the exact location.