Question

Naresh bought 4 dozen pencils at Rs10. 80 a dozen and sold them for 80 paise each. find his gain or loss percent​

Answer 1

Answer:

Expenditure=10.80*4=Rs.43.2

When he sold, he got Rs.0.8*48

since 4 dozen consist of 48 objects and 80 paise=0.8rs

his income=38.4

since expenditure>income

he made loss

loss%=amt of loss/expense*100

=4.8/43.2*100

=11.11% loss