CAT 2024 Question Paper | Quant Slot 2

CAT Questions

CAT 2024 Quant was dominated by Algebra followed by Arithmetic. In Arithmetic, the questions were dominated by topics like Speed-time-distance, Mixture and Alligations. This year, there was a surprise. The questions from Geometry were relatively on the lower side as compared to the previous years. There were 8 TITA Qs this year. Overall this section was at a medium level of difficulty.

Question 7 Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is

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Video Explanation

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Explanatory Answer

Let CP of the product = Rs. x
Bina bought the product at Rs. x and sold to Shyam for Rs. 4860
SP of the product at 19% loss= 0.81 x = Rs. 4860
x= 4860/0.81= Rs. 6000
If Bina would have sold to Shyam at purchase price of Hari, there is a profit of 17%.
Therefore Shyam would have sold it for 1.17 x= 6000* 1.17= 7020
Profit made by Shyam = Rs. 7020 – Rs. 4860= Rs. 2160

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The question is "Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is"

Hence, the answer is '2160'

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