The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss percent is:
Answer & explanation
Correct answer: option 4
ATQ,
⇒ S.P. of 5 = C.P. of 3
⇒ C.P. : S.P. = 5 : 3
⇒ Loss = 5 - 3 = 2
⇒ Loss percentage = \(\frac{2}{5}\) × 100 = 40%