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If the cost price of 3 items is equal to...

If the cost price of 3 items is equal to selling price of 5 items. How much loss in percentage will be made ?

A

`20%`

B

`30%`

C

`40%`

D

`50%`

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AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine the loss percentage based on the given relationship between the cost price (CP) and selling price (SP) of the items. ### Step-by-Step Solution: 1. **Understanding the Given Information**: The problem states that the cost price of 3 items is equal to the selling price of 5 items. Let the cost price of one item be \( CP \). 2. **Expressing Cost Price and Selling Price**: - The cost price of 3 items is \( 3 \times CP \). - Let the selling price of one item be \( SP \). Therefore, the selling price of 5 items is \( 5 \times SP \). According to the problem, we have: \[ 3 \times CP = 5 \times SP \] 3. **Finding the Selling Price in Terms of Cost Price**: Rearranging the equation to find \( SP \): \[ SP = \frac{3 \times CP}{5} \] 4. **Calculating the Loss**: The loss incurred on selling one item can be calculated as: \[ \text{Loss} = CP - SP \] Substituting the expression for \( SP \): \[ \text{Loss} = CP - \frac{3 \times CP}{5} \] To simplify: \[ \text{Loss} = CP - 0.6 \times CP = 0.4 \times CP \] 5. **Calculating the Loss Percentage**: The loss percentage is calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{CP} \right) \times 100 \] Substituting the loss value: \[ \text{Loss Percentage} = \left( \frac{0.4 \times CP}{CP} \right) \times 100 = 0.4 \times 100 = 40\% \] ### Final Answer: The loss percentage is **40%**.
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