Question

Naresh bought 4dozen of pencils at rate 10.80 a dozen and sold them for 80paise each .His gain or loss per cent

Answer 1

Solutions :-



Given :

Naresh bought 4dozen of pencils at rate 10.80 a dozen.
[ 1 Dozen = 12 units ]
Cost Price of 1 pencil = Rs 10.80/12 = Rs 0.90

Selling price of each pencil = Rs 0.80



Selling price is greater than the Cost price. Therefore, Loss.


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


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


Hence,
His loss percent = 11.11%

Answer 2

$<b><font color = "orange" > Solutions :-$



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%