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
Answers (1)
Total Cost Price( C.P) = 10.8 x 4 = Rs. 43.2
Total Selling Price( S.P) = 0.8 x 12x4 = Rs. 38.4
So The total loss = Rs 43.2 - 38.4 = Rs 4.8
Total loss percentage = 4.8/43.2 x 100 = 11.11 %