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:

Loss = 11.11%

Step-by-step explanation:

Solution↴

✔️Given Cost of 1 dozen pencils = Rs. 10.80

✔️Therefore cost of 4 dozen pencils = 4 x 10.80

= Rs. 43.2

✔️Also given that selling price of each pencil = 80 paise

✔️Total number of pencils = 12 x 4 = 48

SP of 48 pencils = 48 x 80 paise

= 3840 paise

= Rs. 38.40

️↪️Here, clearly SP < CP.

Loss = CP – SP

= Rs. (43.2 – 38.4)

= Rs. 4.8

Loss % = (Loss/CP) x 100

= (4.8/43.2) x 100

= 480/43.2

Loss = 11.11%

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Answer 2

Answer:

this is your answer of above question