The table given below provides the details of monthly sales (in lakhs of rupees) and the value of products returned by the customers (as a percentage of sales) of an e-commerce company for three product categories for the year 2024. Net sales (in lakhs of rupees) is defined as the difference between sales (in lakhs of rupees) and the value of products returned (in lakhs of rupees).
Which month had highest percentage decline in monthly sales as compared to previous month for the Apparel category?
Solution
Let's analyse the percentage monthly decline in sales for the months provided in the options compared to the previous month.
1. June
The Apparel sales in June were 230 lakhs of rupees, down from 249 lakhs in May. The percentage decrease was $$\dfrac{249-230}{249}\times 100 = 7.63\%$$
2. March
The Apparel sales in March were 236 lakhs of rupees, down from 279 lakhs in February. The percentage decrease was $$\dfrac{279-236}{279}\times 100 = 15.41\%$$
3. December
The Apparel sales in December were 221 lakhs of rupees, down from 228 lakhs in November. The percentage decrease was $$\dfrac{228-221}{228}\times 100 = 3.07\%$$
4. October
The Apparel sales in October were 222 lakhs of rupees, down from 288 lakhs in September. The percentage decrease was $$\dfrac{288-222}{288}\times 100 = 22.91\%$$
Based on the calculations above, it's clear that the greatest percentage decline in a month from the options compared to the previous month should be for October. The correct answer is option D.
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