Answer
Verified
479.4k+ views
Hint: Use the information, percentage loss can be calculated as $\dfrac{{Loss}}{{SP}} \times 100$ where SP stands for selling price. We need to find the loss which is the difference of selling price and total expense. Then, in the end, putting the values in the formula will lead us to the answer.
Complete step-by-step answer:
We have given the cost price of seed as Rs. 20500, cost price of labour as Rs. 9700 and cost price of chemicals and fertilizers as Rs. 5600.
So, total expenses E \[ = 20500 + 9700 + 5600\] which is equal to Rs. \[35800\]. Selling price SP is given to us as 28640.
Here, we should observe that the selling price is higher than total expense. So, the vendor/person must be in loss and the loss amount will be equal to their difference which is $35800 - 28640 = 7160$.
We have got our loss as Rs. 7160. Now, let’s find the percentage loss. For this we know the formula $\dfrac{{Loss}}{{SP}} \times 100$.
On putting the values, we get, $\dfrac{{7160}}{{35800}} \times 100 \Rightarrow \dfrac{{7160}}{{358}} = 20$. Hence the required percentage loss is 20%.
Note: For profit and loss problems, it’s always recommended to be empathetic with the problem which is given to us. It’ll enhance our understanding of the problems and more likely we’ll be able to solve this problem.
Complete step-by-step answer:
We have given the cost price of seed as Rs. 20500, cost price of labour as Rs. 9700 and cost price of chemicals and fertilizers as Rs. 5600.
So, total expenses E \[ = 20500 + 9700 + 5600\] which is equal to Rs. \[35800\]. Selling price SP is given to us as 28640.
Here, we should observe that the selling price is higher than total expense. So, the vendor/person must be in loss and the loss amount will be equal to their difference which is $35800 - 28640 = 7160$.
We have got our loss as Rs. 7160. Now, let’s find the percentage loss. For this we know the formula $\dfrac{{Loss}}{{SP}} \times 100$.
On putting the values, we get, $\dfrac{{7160}}{{35800}} \times 100 \Rightarrow \dfrac{{7160}}{{358}} = 20$. Hence the required percentage loss is 20%.
Note: For profit and loss problems, it’s always recommended to be empathetic with the problem which is given to us. It’ll enhance our understanding of the problems and more likely we’ll be able to solve this problem.
Recently Updated Pages
How many sigma and pi bonds are present in HCequiv class 11 chemistry CBSE
Mark and label the given geoinformation on the outline class 11 social science CBSE
When people say No pun intended what does that mea class 8 english CBSE
Name the states which share their boundary with Indias class 9 social science CBSE
Give an account of the Northern Plains of India class 9 social science CBSE
Change the following sentences into negative and interrogative class 10 english CBSE
Trending doubts
Fill the blanks with the suitable prepositions 1 The class 9 english CBSE
The Equation xxx + 2 is Satisfied when x is Equal to Class 10 Maths
In Indian rupees 1 trillion is equal to how many c class 8 maths CBSE
Which are the Top 10 Largest Countries of the World?
How do you graph the function fx 4x class 9 maths CBSE
Give 10 examples for herbs , shrubs , climbers , creepers
Difference Between Plant Cell and Animal Cell
Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE
Why is there a time difference of about 5 hours between class 10 social science CBSE