Question

Naresh bought 4 dozen pencils at 10.80 a dozen and sold them for
80 paise each. Find his gain or loss percent.​

Answer 1

Step-by-step explanation:

cost of one dozen pencils Rs.10.80

∴ cost of 4 dozen pencils =10.80×4

=Rs43.20

Now, Total cost of selling price of the pencils =10080×4×12

=38.40

Here, we can see that amount  of selling price is less than cost price 

then,

loss=43.20−38.40

4.80

Now,

loss% =43.204.80×100

=11.11%

Answer 2

Answer:

11 .11%

Step-by-step explanation:

cost of one dozen pencils Rs.10.80

∴ cost of 4 dozen pencils =10.80×4

=Rs43.20

Now, Total cost of selling price of the pencils =

100

80×4×12

=38.40

Here, we can see that amount of selling price is less than cost price

then,

loss=43.20−38.40

4.80

Now,

loss% =

43.20

4.80

×100

=11.11%