|A) 0 %||B) 25 %|
|C) 75 %||D) 50 %|
Let the cost price be x and selling price be y.
Loss = x – y
When the cost price doubles, the loss gets tripled.
So it becomes like this, 2x – y = 3(x-y)
=> x = 2y
Loss % = (loss/ C.P) x 100 = [(2y-y)/2y] x 100= 50 %