Teaching KVS PRT (Latest Pattern) Mock Test Quantitative Aptitude Profit and Loss

The cost price of 42 articles is equal to the selling price of 36 articles. What is the gain or loss made in the transaction? 

1
\(16 { 2 \over3}\)% loss
2
\(14 { 1 \over7}\)% loss
3
\(14 { 1 \over7}\)% gain
4
\(16 { 2 \over3}\)% gain
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