Naresh bought 4 dozen pencils at rs 12 a dozen and sold them for 50 paise each. Find his gain or loss percent
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CP of 4 dozen pencils=rs 12per dozen
=12×4
=rs 48
SP of 4 dozen pencils=50p per dozen
=50×4
=200p
=rs 2
CP>SP=Loss
48-2=rs 46
Loss percent=46/48×100
=95.83%
=96%(Approx)
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