Question

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

Answer 1

Solutions :- 

We have, 

Cost Price of 1 Dozen pencil = Rs 10.80
Cost Price of 1 pencil = Rs 10.80/12 = Rs 0.90

Selling price of each pencil = Rs 0.80

Selling price < Cost price 

Find the Loss :-

Loss = C.P - S.P
= Rs (0.90 - 0.80)
= Rs 0.10

Find the Loss % :-

Loss % = (loss × 100)/C.P %
= (0.10 × 100)/0.90 %
= 10/0.90 %
= 11.11 % approx. 

Answer : Loss % = 11.11%