Question

ali buys a model boat for $120 then sells it for $75.
what is his percentage loss

Answer 1

Answer:

A company breaks even for a given period when sales revenue and costs ... No matter how a company expresses its break-even point, it is still the point of zero income or loss. ... To calculate this ratio, divide the contribution margin per unit by the selling price ... Margin of Safety Percent = Current Sales – Break even Sales.

Missing: ali ‎boat

Answer 2

Answer:

37.5%

Step-by-step explanation:

C.P = $120

S.P = $75

loss = 120-75 = $45

loss% = loss upon C.P into 100

= 45/120*100

=45/6*5 = 15/2*5

= 7.5*5 = 37.5

therefore, loss percent is 37.5