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Profit and Loss

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  1. Find the percentage loss when the cost price and selling price of an article are in the ratio of 5 : 3. ?
    1. 40%
    2. 35%
    3. 45%
    4. 26%
    5. None of the above
Correct Option: A

Let CP = 5N and SP = 3N
Loss = (CP- SP) = (5N - 3N) = 2N
Loss % = (2N / 5N) x 100 %
= 40%


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