CAT 2024 Profit & Loss Question (Medium)

Question

Gopi marks a price on a product in order to make 20 profit. Ravi gets 10 discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is

Accepted Answer

Step 1 Let the Marked Price MP be x Ravi gets 10 discount, so Selling Price SP 0.9x We are told Ravi saves 15 due to the 10 discount 10 of x 15 x 150 Step 2 Marked Price 150 Selling Price 90 of 150 135 Gopi marked the product to make 20 profit Cost Price CP MP 1.2 150 1.2 125 Step 3 Profit SP CP 135

CAT 2024

Quantitative

Profit & Loss

Medium

$Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is$

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