Question

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

Answer 1

Answer:

20 %

Step-by-step explanation:

Let initial loss percent be x% and the Cost price be ₹ 100

Therefore, Selling price = 100 - ((x/100)*100) = 100 - x ----> 1

Now on doubling the Cost price we have Cost price = ₹ 200 and loss percent = 3x%

So now Selling price is = 200 - ((3x/100)*200) = 200 - 6x ------> 2

Since Selling price does not change we can equate both the Equations

100 - x = 200 - 6x

=> 5x = 100

=> x = 20