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 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.
Comprehension
Directions for Questions 19 and 20:
Answer the following questions based on the information given below:
Mr. David manufactures and sells a single product at a fixed price in a niche market. The selling price of each unit is Rs. 30. On the other hand, the cost, in rupees, of producing ‘x’ units is 240 + bx + cx2, where ‘b’ and ‘c’ are some constants. Mr. Davidnoticed that doubling the daily production from 20 to 40 units increases the daily production cost by 
However, an increase in daily production from 40 to 60 units results in an increase of only 50% in the daily production cost. Assume that demand is unlimited and that Mr. David can sell as much as he can produce. His objective is to maximize the profit.
Explanatory Answer
Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question
Correct Option: B
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