The selling price of 40 apples is equal to cost price of 35 apples. Find the profit or loss obtained.  Pick one:	A) Gain of 5.5 %	B) Gain of 12.5 %	C) Loss of 5.5 %	D) Loss of 12.5 %	E) Loss of 10 %
Explanation:   Let C.P. of each apple be Re 1/-.   Therefore,   C.P. of 40 apples = Rs. 40   S.P. of 40 apples = Rs. 35   C.P. of 40 apples &gt; S.P. of 40 apples   Loss = 40 – 35 = Rs. 5   Loss% =	Loss/c.p.	×100   Loss% =	5/40	×100   Loss% = 12.5%   ANSWER IS Loss of 12.5 %
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The selling price of 40 apples is equal to cost price of 35 apples. Find the profit or loss obtained.