The loss of an item is equal to the selling price of the itemWhich of these relation is not correct?
a) The selling price of the item is twice the cost price
b) The cost price of the item is twice the selling price
c) The profit on the item is zero
d) The loss percentage on the item is 50%
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Answer:
The correct answer is option (b) - "The cost price of the item is twice the selling price." This relation is not correct because according to the given statement, the loss of an item is equal to the selling price of the item. It does not mention anything about the cost price being twice the selling price.