1.

If the cost price of 5 articles is equal to the selling price of 8 articles, then find the profit or loss percentage.1. 25.5% loss2. 35% profit3. 37.5% loss4. 40% profit

Answer» Correct Answer - Option 3 : 37.5% loss

Given:

5CP = 8SP

Formula used:

Loss% = (CP – SP)/CP × 100

Calculation:

5CP = 8SP

⇒ CP/SP = 8/5

⇒ SP/CP = 5/8

⇒ 1 – SP/CP = 1 – 5/8               [Subtract 1 both sides]

⇒ (CP – SP)/CP = (8 – 5)/8

⇒ (CP – SP)/CP × 100 = 3/8 × 100

⇒ Loss% = 37.5%                      [Loss% = (CP – SP)/CP × 100]

The loss% is 37.5%.



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