Question

naresh bought 4 dozen pencils for rs. 10.80 a dozen and sell them for rs. 80 paise each. what is the gain or loss percent

Answer 1

total cost price = 10.8 x 4 =  Rs. 43.2 
total selling price = 0.8 x 48 = Rs. 38.4

 total loss = 43.2 - 38.4 = Rs 4.8

 percentage = 4.8/43.2 x 100 = 11.11 % ANSWER