CAT 2024 Profit & Loss Question (Medium)

Question

A manufacturer makes 1500 articles at the cost of 120 paisa per article. He fixed the selling price such that if only 1200 articles were sold, he makes 80 profit in outlay. However 240 articles got spoilt and he was able to sell remaining stock at this price. Find the actual profit percentage as a p

Optima Learn · Accepted Answer

This question requires first finding the fixed selling price from a hypothetical scenario, then applying it to the actual sales outcome. Understanding Total outlay cost 1500 1.20 1800. The selling price per article was fixed so that selling only 1200 articles would give 80 profit on this 1800 outlay

CAT 2024 Profit & Loss — Previous Year Question

CAT 2024

Quantitative

Profit & Loss

Medium

From CAT Score to IIM Selection!

FEATURES

PRACTICE

FREE RESOURCES

MENTORSHIP