A vendor bought 120 cabbages at 7200 for sale .the vendor sold all the cabbages at 45 each because the market was flooded .calculate the percentage loss made by the vendor

Business/Management

ScanSolve AI Answer

Answer

25%25\%

Step-by-step solution

4 steps

  1. Calculate the total cost price (CP) of the cabbages.

    The vendor bought 120 cabbages for 7200, so:

    CP=7200\text{CP} = 7200

  2. Calculate the total selling price (SP) of the cabbages.

    The vendor sold each cabbage for $45, so:

    SP=120×45=5400\text{SP} = 120 \times 45 = 5400

  3. Calculate the loss incurred by the vendor.

    Loss is given by:

    Loss=CP−SP=7200−5400=1800\text{Loss} = \text{CP} - \text{SP} = 7200 - 5400 = 1800

  4. Calculate the percentage loss.

    Percentage loss is given by:

    Percentage Loss=(LossCP)×100=(18007200)×100=25%\text{Percentage Loss} = \left( \frac{\text{Loss}}{\text{CP}} \right) \times 100 = \left( \frac{1800}{7200} \right) \times 100 = 25\%

    Final answer:
    25%

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