Here is a question from the Smartphones puzzle set that appeared in the CAT 2018 question paper. There were a few pretty simple questions in the CAT 2018 question paper that had brought in some relief to the test-takers; this question was one of that sort. You should capitalize on such questions to aggrandize your DILR score. Now, see if you are prepared enough to crack this puzzle. If you are not, then check out 2IIM CAT Online Coaching that offers exhaustive online preparation for CAT.
There are only four brands of entry level smartphones called Azra, Bysi, Cxqi, and Dipq in a country. Details about their market share, unit selling price, and profitability (defined as the profit as a percentage of the revenue) for the year 2016 are given in the table below:
In 2017, sales volume of entry level smartphones grew by 40% as compared to that in 2016. Cxqi offered a 40% discount on its unit selling price in 2017, which resulted in a 15% increase in its market share. Each of the other three brands lost 5% market share. However, the profitability of Cxqi came down to half of its value in 2016. The unit selling prices of the other three brands and their profitability values remained the same in 2017 as they were in 2016.
Question 2 : The brand that had the highest profit in 2016 is :
From the above table, we can see that Cxqi had the highest profit in 2016.
The question is "The brand that had the highest profit in 2016 is :"
Choice D is the correct answer.
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