CAT 2023 Profit & Loss Question (Medium)

Question

Gita sells two objects A and B at the same price such that she makes a profit of 20 on object A and a loss of 10 on object B. If she increases the selling price such that objects A and B are still sold at an equal price and a profit of 10 is made on object B, then the profit made on object A will be

Optima Learn · Accepted Answer

Step 1 Let the original selling price be 100 same for both - Profit of 20 on A Cost Price of A 100 1.2 83.33 - Loss of 10 on B Cost Price of B 100 0.9 111.11 Step 2 New selling price gives 10 profit on B So, new SP 111.11 1.1 122.22 Profit on A SP - CP of A 122.22 - 83.33 38.89 Profit on A 38.89 83.

CAT 2023 Profit & Loss — Previous Year Question

CAT 2023

Quantitative

Profit & Loss

Medium

Ace Your MBA Admission Interviews!

FEATURES

PRACTICE

FREE RESOURCES

MENTORSHIP