Question
If the cost price of a certain object doubles, then the
loss gets tripled of what it was initially. The initial loss % was ?Solution
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) × 100 = [(2y-y)/2y] × 100 = 50 %
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