Question

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

Answer 1

Answer:

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%

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Answer 2

Answer:

So total cost price = 10.8 x 4 = Rs. 43.2

total selling price = 0.8 x 48 = Rs. 38.4

so total loss = 43.2 - 38.4 = Rs 4.8

so percentage = 4.8/43.2 x 100 = 11.11 %