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CAT 2021 Profit & Loss — Previous Year Question

Paper

CAT 2021

Section

Quantitative

Topic

Profit & Loss

Difficulty

Hard

Question

CAT 2021

Slot-1

Amal purchases some pens at ₹ 8 each. To sell these, he hires an employee at a fixed wage. He sells 100 of these pens at ₹ 12 each. If the remaining pens are sold at ₹ 11 each, then he makes a net profit of ₹ 300, while he makes a net loss of ₹ 300 if the remaining pens are sold at ₹ 9 each. The wage of the employee, in INR, is

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