Explanation:

- Let's denote the loss incurred as 'L'.

- The selling price would then be 3L (since it is three times of the loss).

- Since Selling Price = Cost Price - Loss, we state: Cost Price - L = 3L.

- Solving for Cost Price (CP), we find: CP = 4L.

- Loss Percentage = (Loss/Cost Price) * 100.

- Substitution yields: Loss Percentage = (L/4L) * 100.

- Therefore, Loss Percentage = 25%.

Your Answer is RIGHT.

- Options in summary:

* Option 1: 25%

* Option 2: 33.33%

* Option 3: 40%

* Option 4: 50%