Question

Naresh Bought 4 dozen pencils at Rs. 10.80 and sold them at 80p each . Find his gain or loss percent.

Answer 1

Answer:255.55555%

Step-by-step explanation:

Cost of 48 pencils=₹10.80

Sp of 48 pencils=48*0.8

=₹38.40

Profit=38.4-10.8

=₹27.60

P%=27.60*100/10.80

=255.55555%

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%