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If the cost price of a certain object doubles, then the loss gets tripled of what it was initially. The initial loss % was ?

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 %


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