CAT Quantitative Ability Questions | CAT Percentage, Profit & Loss questions
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FundaMakers as a team has taken a painstaking step to bring you all the video solutions of the Percentage, Profit And Loss (PPL) asked in the Previous Year CAT exam. CAT question bank offered by FundaMakers is a power-packed topic-wise compilation of the entire CAT previous year questions. Questions from the Percentage, Profit And Loss (PPL) topic are some of the most scoring questions in the QA section. Other than the formulaic knowledge, it also tests your clarity about the topic. To maximize your CAT score make use of FundaMakers CAT Question Bank. “Questions from CAT previous years” examination papers have been incorporated. Let’s get started with CAT Past Year Percentage, Profit And Loss (PPL) Questions.
CAT/2017.2
Question . 60
The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is
Explanatory Answer
Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question
Correct Option: B
Solution:
Let the manufacturer cost of a table be 100
The wholesheller buys it for rs 100 x(100+10)/100 = 110
The retailer buys it for rs 110 x (100+30)/100 = 143
The customer buys it for 143 x (100+50)/100 = 214.5
As, the customer pays = RS 4290
So manufacturing cost = (4280/214.5) x 100
= 2000 (Ans)
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