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CAT 2020 Profit & Loss — Previous Year Question

Year

CAT 2020

Section

Quantitative

Topic

Profit & Loss

Difficulty

Hard

Question

Slot-2

Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the discounted price. Thus, he gets a total of Rs 2112, and makes a 10% profit. With no discounts, his percentage of profit would have been

60

50

55

54

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