Let's solve this step by step:

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

Step 2: According to the problem, 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.

Step 3: Therefore, the selling price of 1 article would be $3/5 = $0.60.

Step 4: We know that the cost price of 1 article is $1 and the selling price of 1 article is $0.60. Therefore, there is a loss of $0.40 on each article.

Step 5: The percentage of loss is calculated as (Loss / Cost price) * 100. Substituting the given values, we get (0.40 / 1) * 100 = 40%.

So, the answer is 40% loss.

Question

Let's solve this step by step:

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

Step 2: According to the problem, 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.

Step 3: Therefore, the selling price of 1 article would be $3/5 = $0.60.

Step 4: We know that the cost price of 1 article is $1 and the selling price of 1 article is $0.60. Therefore, there is a loss of $0.40 on each article.

Step 5: The percentage of loss is calculated as (Loss / Cost price) * 100. Substituting the given values, we get (0.40 / 1) * 100 = 40%.

So, the answer is 40% loss.

Knowee AI · Accepted Answer

Let's solve this step by step:

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

Step 2: According to the problem, 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.

Step 3: Therefore, the selling price of 1 article would be $3/5 = $0.60.

Step 4: We know that the cost price of 1 article is $1 and the selling price of 1 article is $0.60. Therefore, there is a loss of $0.40 on each article.

Step 5: The percentage of loss is calculated as (Loss / Cost price) * 100. Substituting the given values, we get (0.40 / 1) * 100 = 40%.

So, the answer is 40% loss.

The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss percent is?Options20% gain33.33% loss40% loss25% gain

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