CAT 2017 Profit & Loss Question (Medium)

Question

If Fatima sells 60 identical toys at a 40 discount on the printed price, then she makes 20 profit. Ten of these toys are destroyed in fire. While selling the rest, how much discount should be given on the printed price so that she can make the same amount of profit?

Accepted Answer

Step 1 Let the marked price MRP per toy 100 After 40 discount Selling price 100 40 60 Let the cost price per toy C Given profit is 20 So, Step 2 Total cost for 60 toys Required total revenue for 20 profit 3000 20 of 3000 3600 Step 3 Only 50 toys are left after 10 are destroyed. To get 3600 from 50 t

CAT 2017

Quantitative

Profit & Loss

Medium

If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit. Ten of these toys are destroyed in fire. While selling the rest, how much discount should be given on the printed price so that she can make the same amount of profit?

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