CAT Quantitative Ability Questions | CAT Percentage, Profit & Loss questions

CAT/2001

Question . 75

The owner of an art shop conducts his business in the following manner. Every once in a while he raises his prices by X %, then a while later he reduces all the new prices by X %. After one such up-down cycle, the price of a painting decreased by Rs 441. After a second up-down cycle the painting was sold for Rs 1944.81. What was the original price of the painting?

View Answer

Explanatory Answer

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