CAT 2025 Profit & Loss Question (Hard)

Question

A shopkeeper offers a discount of 22 on the marked price of each chair, and gives 13 chairs to a customer for the discounted price of 12 chairs to earn a profit of 26 on the transaction. If the cost price of each chair is Rs 100, then the marked price, in rupees, of each chair is

Optima Learn · Accepted Answer

Cost price of each chair 100 For 13 chairs, total cost 13 times 100 1300 Profit 26 , so total revenue 1.26 times 1300 1638 We were told that this amount is equal to the discounted price of 12 chairs. So the discounted selling price per chair _ 12 136.5 Discount offered 22 , so MP 0.78 175

CAT 2025 Profit & Loss — Previous Year Question

CAT 2025

Quantitative

Profit & Loss

Hard

Ace Your MBA Admission Interviews!

FEATURES

PRACTICE

FREE RESOURCES

MENTORSHIP