Q:
If the cost price of a certain object doubles, then the loss gets tripled of what it was initially. The initial loss % was ?
Answer & Explanation
Answer: D) 50 %
Explanation: 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 %
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