Tumwine Godfrey
Feb 23
Allan has a retail shop.he bought different items and sold at different prices as shown below. 1ookg ofsalt at 300,000 and sold it at 292000. Calculate the percentage loss made by Allan?
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Feb 23
First, we need to calculate the actual loss made by Allan:
Cost price of 100kg of salt = $300,000
Selling price of 100kg of salt = $292,000
Loss = Cost price - Selling price
Loss = $300,000 - $292,000
Loss = $8,000
Next, we need to calculate the percentage loss:
Percentage Loss = (Loss / Cost Price) x 100
Percentage Loss = ($8,000 / $300,000) x 100
Percentage Loss = 0.0267 x 100
Percentage Loss = 2.67%
Therefore, Allan made a 2.67% loss on the 100kg of salt he bought and sold.
Cost price of 100kg of salt = $300,000
Selling price of 100kg of salt = $292,000
Loss = Cost price - Selling price
Loss = $300,000 - $292,000
Loss = $8,000
Next, we need to calculate the percentage loss:
Percentage Loss = (Loss / Cost Price) x 100
Percentage Loss = ($8,000 / $300,000) x 100
Percentage Loss = 0.0267 x 100
Percentage Loss = 2.67%
Therefore, Allan made a 2.67% loss on the 100kg of salt he bought and sold.
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