The selling price of 40 items is equal to the purchasing price of 35 items. Find the profit or loss percentage.

1
\(12\frac{1}{2}\%\) Loss
2
\(13\frac{1}{2}\%\) Loss
3
\(12\frac{1}{2}\%\) Benefit
4
\(13\frac{1}{2}\%\) Benefit

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