CAT 2017 Question Paper | Quants Slot 1

CAT Previous Year Paper | CAT Profit and Loss Questions | Question 6

The best questions to practice for CAT Exam are the actual CAT Question Papers. 2IIM offers you exactly that, in a student friendly format to take value from this. If you would like to take the same inside a testing engine (for Free) head out here: CAT Official Question Mocks. In CAT 2017 we saw some beautiful questions that laid emphasis on Learning ideas from basics and being able to comprehend more than remembering gazillion formulae and shortcuts. Original CAT Question paper is the best place to start off your CAT prep practice. This page provides exactly that. To check out about 1000 CAT Level questions with detailed video solutions for free, go here: CAT Question Bank

Question 6 : If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20% ?

  1. Give a discount of 5% on retail price
  2. Give a discount of 2% on retail price
  3. Increase the retail price by 2%
  4. Sell at retail price

2IIM : Best Online CAT Coaching


2IIM's Online CAT Coaching
Get CAT Last Mile Prep Course for 799 /-
CAT Online Coaching


Video Explanation


Best CAT Coaching in Chennai


CAT Coaching in Chennai - CAT 2020
Starts Sat, November 2nd, 2019


Explanatory Answer

Method of solving this CAT Question from Profit and Loss

Given that if a seller gives a discount of 15% on retail price, she still makes a profit of 2%.
Let us assume marked price to be x. So, selling price to be 0.85x on giving 15% discount on retail price she still makes a profit of 2%.
CAT 2017 Question Paper Quants Slot 1 Profit and Loss
We have to find which of the following options ensures that she makes a profit of 20% so the discount should be much lower.
CAT 2017 Question Paper Quants Slot 1 Profit and Loss
⟹ \\frac{0.85}{1.02}) × 1.20 = 1
Hence by selling at retail price she makes a profit of 20%.

The question is "If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20% ?"

Hence, the answer is Sell at retail price

Choice D is the correct answer.

 

CAT Questions | CAT Quantitative Aptitude

CAT Questions | CAT DILR

CAT Questions | Verbal Ability for CAT


Where is 2IIM located?

2IIM Online CAT Coaching
A Fermat Education Initiative,
58/16, Indira Gandhi Street,
Kaveri Rangan Nagar, Saligramam, Chennai 600 093

How to reach 2IIM?

Phone: (91) 44 4505 8484
Mobile: (91) 99626 48484
WhatsApp: WhatsApp Now
Email: prep@2iim.com