Salim had to sell vegetables worth $ 5,750 for $ 4,500 due

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Salim had to sell vegetables worth $ 5,750 for $ 4,500 due to heavy rainfall. What is the loss percentage that he has incurred?

1. 21.74%
2. 23.47%
3. 20%
4. 23.45%

Correct Option: A

Here , Cost price of vegetables = $ 5,750
Selling price of vegetables = $ 4500
Loss = Cost price of vegetables - Selling price of vegetables = 5750 - 4500 = $ 1250

Loss percent =	Loss	× 100
	Cost price of vegetables

Loss percent =	1250	× 100
	5750

Loss percent =	125000	= 21.74%
	5750