CAT 2023 Profit & Loss Question (Medium)

Question

Imran sold a mobile phone for Rs. 17600 after giving 12 discount on its marked price. He earned a profit of 10 . Find the profit percentage earned by him when no discount is given?

Optima Learn · Accepted Answer

Understanding the Setup SP 17600 0.88 MP, so MP 20000. Also SP 1.1 CP, so CP 17600 1.1 16000. Analyzing the No-Discount Scenario If no discount were given, SP MP 20000. Profit 20000 16000 4000. Evaluating the Options a 12 and b 22 do not match the computed profit percentage. d None of these is ruled

CAT 2023 Profit & Loss — Previous Year Question

CAT 2023

Quantitative

Profit & Loss

Medium

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