Correct Answer - Option 2 : 40% loss

**Given**

selling price of 5 articles is equals to the cost price of 3 articles

**Formula used**

Profit % = \(\frac{{SP - CP}}{{CP}} × 100\)

**Calculation **

SP of 5 article = CP of 3 article

⇒ 5 SP = 3 CP

⇒ \(\frac{{CP}}{{SP}} = \frac{5}{3}\)

⇒ Loss = 5 - 3

⇒ 2

⇒ Loss% = \(\frac{2}{5} × 100 = 40\% \)

**∴ Loss % is 40%**