CAT 2021 Profit & Loss Question (Medium)

Question

Mohan bought a trouser at 10 discount and sold it to Sohan at a loss of 10 . If Sohan paid Rs. 729 for the trouser to Mohan, then what was the undiscounted price of the trouser?

Optima Learn · Accepted Answer

To find the undiscounted price, we need to work backward through the discount and loss percentages. Understanding the Setup Let P be the undiscounted price. Mohan buys at 10 discount, so his cost 0.9P. He then sells to Sohan at a 10 loss on his own cost, so the selling price 0.9P 0.9 0.81P. Analyzin

CAT 2021 Profit & Loss — Previous Year Question

CAT 2021

Quantitative

Profit & Loss

Medium

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