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If the selling price of an article is doubled, then its loss percent is converted into equal profit percent. The loss percent on the article is
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26 2 % 3 - 33%
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33 1 % 3 - 34%
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Correct Option: C
Let the CP of the article be Rs. 100 and its SP be y
From the question ,
| ∴ | × 100 | = | × 100 | 100 | 100 |
⇒ 100 – y = 2y – 100
| ⇒ 3y = 200 ⇒ y = | 3 |
| ∴ Loss% = 100 – | 3 |
| Loss% = | = 33 | % | 3 | 3 |
[because CP of the article = $ 100]
