<p>I was going over a Q&A and couldn’t understand the answer to this writing question.</p>
<li>(Despite) its cultural importance, the Daily Gazette (lost) 70 percent of its subscribers since 1920 and, by 1955 (was losing) (as much as) $200,000 a year. (NO ERROR)</li>
</ol>
<p>A Despite
B lost
C was losing
D as much as
E NO ERROR</p>
<p>the correct answer is B. but shouldn’t it be C. was losing should be changed to had lost. can some1 explain the rationale behind the answer B.</p>