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 BankQuestions 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 . 61

Mayank buys some candies for Rs 15 a dozen and an equal number of different candies for Rs 12 a dozen. He sells all for Rs 16.50 a dozen and makes a profit of Rs 150. How many dozens of candies did he buy altogether?

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Explanatory Answer

Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question

Correct Option: A

Solution: 

Mayank buys x dozen candies at Rs.15 a dozen and x more dozen at Rs.12 a dozen.

Average cost per dozen is Rs.(15 + 12)/2 = Rs.13.5 per dozen.

By selling a dozen at Rs.16.5, Mayank makes a profit of Rs.3 per dozen.

To make a profit of Rs.150, he needs to sell 150/3 =50 dozen.

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