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Question

Naresh bought 4 dozen pencils at Rs. 10.80 a dozen and sold them for 80 paise each. Find his gain or loss percent.

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Solution

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 =80×4×12100
=38.40
Here, we can see that amount of selling price is less than cost price
then,
loss=43.2038.40
4.80
Now,
loss% =4.8043.20×100
=11.11%

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