CAT 2021 Profit & Loss Question (Hard)

Question

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 emp

Optima Learn · Accepted Answer

Step 1 Let the number of pens purchased be Cost price per pen 8 Total cost Let wage of employee He sells 100 pens at 12 each Revenue 1200 Remaining pens Case 1 Remaining pens sold at 11 Revenue Total cost Net profit 300 So, Equation 1 Case 2 Remaining pens sold at 9 Revenue Net loss 300 So, Equation

CAT 2021 Profit & Loss — Previous Year Question

CAT 2021

Quantitative

Profit & Loss

Hard

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