Let, N denotes Network part and H denotes host part
CLASS C ,
Octect Format : N.N.N.H
i.e. 24 bits for Network Part and 8 bits for host part.
But out of 24 bits , first three bits are fixes which is 110,
So, percentage (%) of the IPv4, IP address space do all class C addresses consume = (2^29/2^32)*100 %
= 1/8*100 %
= 12.5%