Correct Answer: 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 %