A person is selling an item with some loss. Loss increased by 4% while selling price decreased by 5%. What percentage of the sale of the item at a loss?

Let's assume the original selling price is $100.

4% of the loss is 4/100 * $100 = $<<4/100*100=4>>4.
So, the selling price decreased by $4 to $100 - $4 = $<<100-4=96>>96.
The loss increased to $4.
The percentage loss on the selling price is ($4/$100) * 100 = 4%.
Therefore, the item is sold at a loss of 4%. Answer: \boxed{4}.

To find out the percentage of the sale of the item at a loss, we need to calculate the net loss as a percentage of the selling price.

Let's assume the original selling price is 100 (you can use any value, as the percentage calculations will remain the same).

First, we calculate the loss after it increased by 4%:
Loss = Original Selling Price * (Loss Increase Percentage / 100)
Loss = 100 * (4 / 100)
Loss = 4

Next, we calculate the new selling price after it decreased by 5%:
New Selling Price = Original Selling Price - (Original Selling Price * (Selling Price Decrease Percentage / 100))
New Selling Price = 100 - (100 * (5 / 100))
New Selling Price = 100 - 5
New Selling Price = 95

Now, calculate the percentage of the sale of the item at a loss:
Percentage of Loss = (Loss / New Selling Price) * 100
Percentage of Loss = (4 / 95) * 100
Percentage of Loss ≈ 4.21

Therefore, the sale of the item represents approximately 4.21% of the loss.