We know that,
Total number of three digit number will be 999−99=900,
Now,
Number of 3− digit number which are divisible by 3 will be [3900]=300,
Number of 3− digit number which are divisible by 4 will be [4900]=225,
Number of 3− digit number which are divisible by 3&4 both will be [12900]=75,
So , number of 3− digit number which are divisible by 3or4 will be 300+225−75=450,
Now, number of 3− digit number which are divisible by 48 is [48900]=18
So, number of 3− digit number which are divisible by 3or4but not48 will be
=450−18=432