CAT Quantitative Ability Questions | CAT Percentage, Profit & Loss questions
CAT/1994
Question . 105
Last week Martin received $ 10 in commission for selling 100 copies of a magazine. Last week Miguiel sold 100 copies of this magazine. He received his salary of $ 5 per week plus a commission of 2 cents for each of the first 25 copies sold, 3 cents for each of next 25 copies sold and 4 cents for each copy thereafter. ($1 = 100 cents) (1994)
I. Martin’s commission in the last week
II. Miguiel’s total income for last week
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Explanatory Answer
Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question
(a) Miguel’s income
= 5 + (0.02 × 25) + (0.03 × 25) + (0.04 × 50)
= 5 + (0.50) + (0.75) + (2.00) = $ 8.25
Martin’s commission = $ 10
Thus, Martin’s commission > Miguiel’s income