The cost price of 6 articles is equal to the selling price of 10 articles. Find the gain or loss per cent.
- A. 40% loss ✓
- B. 60% loss
- C. 60% gain
- D. 40% gain
Correct Answer: A. 40% loss
Explanation
Given 6 \times CP = 10 \times SP \Rightarrow \frac{SP}{CP} = \frac{6}{10} = \frac{3}{5}. Since SP is less than CP, there is a loss. Loss \% = \frac{5-3}{5} \times 100 = 40\%.
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