CAT 2017 Profit & Loss Question (Medium)

Question

If a seller gives a discount of 15 on retail price, she still makes a profit of 2 . Which of the following ensures that she makes a profit of 20 ?

Accepted Answer

Step 1 Let the retail price be 100 15 discount Selling price 100 15 85 Profit at this price is 2 , so Cost price 85 1.02 83.33 Step 2 To make 20 profit, required selling price 83.33 1.20 100 Step 3 So, to earn 20 profit, she must sell at full retail price of 100, i.e., no discount. Final Answer Sell

CAT 2017

Quantitative

Profit & Loss

Medium

If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20% ?

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