The selling price of 96 articles is the same as the cost price of 64 articles. The gain or loss percent is:
Answer & explanation
Correct answer: option 1
ATQ,
⇒ S.P. of 96 = C.P. of 64
⇒ C.P. : S.P. = 3 : 2
⇒ Loss = 3 - 2 = 1
⇒ Loss percentage = \(\frac{1}{3}\) × 100 = 33\(\frac{1}{3}\)%