Loss percentage from ratio data: If the cost price (CP) and selling price (SP) of an article are in the ratio 5 : 3, compute the percentage loss.
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
-
A40%
-
B35%
-
C45%
-
D26%
Answer
Correct Answer: 40%
Explanation
Introduction / Context:Ratios of CP:SP immediately reveal the percentage gain or loss. If CP > SP, it is a loss; if SP > CP, a profit. The percentage is measured on the cost price base.
Given Data / Assumptions:
- CP : SP = 5 : 3.
Concept / Approach:Loss% = (CP − SP) / CP * 100. Substitute the ratio values directly as proportional numbers.
Step-by-Step Solution:Loss parts = 5 − 3 = 2Loss% = 2 / 5 * 100 = 40%
Verification / Alternative check:Assume CP = ₹ 5 and SP = ₹ 3. Loss = ₹ 2 which is 40% of ₹ 5, consistent.
Why Other Options Are Wrong:
- 35% / 45% / 26%: not supported by the 5:3 ratio when computed against CP.
Common Pitfalls:
- Using SP as the base (would give 66.66...%). Always use CP as the base for profit/loss percentage.
Final Answer:40%