CAT 2022 Profit & Loss Question (Medium)

Question

Praveen who has a furniture shop sold a table at 20 profit. If he had sold the table for 500 rupees less, he would have incurred a loss of 20 . What is the actual cost of the table ?

Optima Learn · Accepted Answer

Understanding The problem gives the cost price of a table sold at 20 profit, and states that selling it for Rs. 500 less would have resulted in a 20 loss the actual cost price must be found. Analyzing Let the cost price be x. Selling at 20 profit gives a selling price of 1.2x. Selling for Rs. 500 le

CAT 2022 Profit & Loss — Previous Year Question

CAT 2022

Quantitative

Profit & Loss

Medium

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