Let's solve this step by step:

1. Let's assume the cost price of 1 article is $1. Therefore, the cost price of 3 articles would be $3.

2. According to the question, the selling price of 5 articles is the same as the cost price of 3 articles. So, the selling price of 5 articles is also $3.

3. This means the selling price of 1 article is $3/5 = $0.60.

4. The cost price of 1 article is $1 and the selling price is $0.60. This means there is a loss.

5. The loss is $1 - $0.60 = $0.40.

6. The loss percentage is calculated as (Loss / Cost price) * 100. So, the loss percentage is ($0.40 / $1) * 100 = 40%.

So, the correct answer is 40% loss.

Question

Let's solve this step by step:

1. Let's assume the cost price of 1 article is $1. Therefore, the cost price of 3 articles would be $3.

2. According to the question, the selling price of 5 articles is the same as the cost price of 3 articles. So, the selling price of 5 articles is also $3.

3. This means the selling price of 1 article is $3/5 = $0.60.

4. The cost price of 1 article is $1 and the selling price is $0.60. This means there is a loss.

5. The loss is $1 - $0.60 = $0.40.

6. The loss percentage is calculated as (Loss / Cost price) * 100. So, the loss percentage is ($0.40 / $1) * 100 = 40%.

So, the correct answer is 40% loss.

Knowee AI · Accepted Answer

Let's solve this step by step:

1. Let's assume the cost price of 1 article is $1. Therefore, the cost price of 3 articles would be $3.

2. According to the question, the selling price of 5 articles is the same as the cost price of 3 articles. So, the selling price of 5 articles is also $3.

3. This means the selling price of 1 article is $3/5 = $0.60.

4. The cost price of 1 article is $1 and the selling price is $0.60. This means there is a loss.

5. The loss is $1 - $0.60 = $0.40.

6. The loss percentage is calculated as (Loss / Cost price) * 100. So, the loss percentage is ($0.40 / $1) * 100 = 40%.

So, the correct answer is 40% loss.

Select the correct answerThe selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss percent is?Options33.33% loss25% gain20% gain40% loss

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