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Find the percentage loss when the cost price and selling price of an article are in the ratio of 5 : 3.?

40%
35%
45%
26%

Correct Answer: 40%

Explanation:

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

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