Patrick purchased 60 pencils and sold them at a loss equal to the selling price of 20 pencils. The cost of 60 pencils is how many times the selling price of 60 pencils?  Pick one:	A) 0.75	B) 0.8	C) 1	D) 1.33	E) 1.75

Rationale: "say the cost price of 60 pencils was $ 60 ( $ 1 per pencil ) and the selling price of 1 pencil was p . selling at a loss : 60 - 60 p = 20 p - - > p = 3 / 4 . ( cost price ) / ( selling price ) = 1 / ( 3 / 4 ) = 4 / 3 = 1.33 . answer : d ."
Answer: D