CAT 2023 Profit & Loss Question (Medium)

Question

Minu purchases a pair of sunglasses at Rs.1000 and sells to Kanu at 20 profit. Then, Kanu sells it back to Minu at 20 loss. Finally, Minu sells the same pair of sunglasses to Tanu. If the total profit made by Minu from all her transactions is Rs.500, then the percentage of profit made by Minu when s

Accepted Answer

Step 1 Minu buys at Rs.1000 Sells to Kanu at 20 profit Selling price 1000 1.2 1200 Kanu sells it back at 20 loss Price Minu buys it back 1200 0.8 960 So far, Minu earned Sold at 1200, bought back at 960 Net gain 1200 - 960 Rs.240 Step 2 Total profit by Minu is Rs.500 So remaining profit 500 - 240 Rs

CAT 2023

Quantitative

Profit & Loss

Medium

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