Question

A shopkeeper sells his articles in such a way that the selling price of 5 articles is equals to the cost price of 3 articles. Find his profit or loss percentage in that transaction.
1. 40% profit
2. 40% loss
3. 33.33 profit
4. 33.33 loss

Answer 1

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%