Quantitative Aptitude – Arithmetic – Profit and Loss – Mayank buys some candies

Quantitative Aptitude – Arithmetic – Profit and Loss

Question

CAT 2017 - Afternoon slot - Quantitative Aptitude - Arithmetic - Profit and Loss - Mayank buys some candies
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?

A) 50
B) 30
C) 25
D) 45

Answer

Option (A)

Solution

From CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss, we can see that,
Number of candies he bought of type 1 = n
Number of candies he bought of type 2 = n
Total candies = 2n
SP = 16.5 * 2n =33n
CP = 12n +15n = 27n
Profit = SP-CP = 6n = 150
n = 25
Total candies = 2n = 50
Option (A)

Download CAT 2017 Question Paper with answers and detailed solutions in PDF

CAT 2017 Questions from Quantitative Aptitude – Arithmetic

Quantitative Aptitude – Arithmetic – Profit and Loss – Q1: 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%.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q2: If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit. Ten of these toys are destroyed in fire.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q3: In a market, the price of medium quality mangoes is half that of good mangoes.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q4: If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
Quantitative Aptitude – Arithmetic – Mixtures – Q1 : Consider three mixtures – the first having water and liquid A in the ratio 1 : 2, the second having water and liquid B in the ratio 1 : 3, and the third having water and liquid C in the ratio 1 : 4.
Quantitative Aptitude – Arithmetic – Mixtures – Q2: Bottle 1 contains a mixture of milk and water in 7 : 2 ratio and Bottle 2 contains a mixture of milk and water in 9 : 4 ratio.
Quantitative Aptitude – Arithmetic – Time and Work – Q1: Amal can complete a job in 10 days and Bimal can complete it in 8 days. Amal, Bimal and Kamal together complete the job in 4 days and are paid a total amount of Rs 1000 as remuneration.
Quantitative Aptitude – Arithmetic – Time and Work – Q2: A person can complete a job in 120 days. He works alone on Day 1. On Day 2, he is joined by another person who also can complete the job in exactly 120 days.
Quantitative Aptitude – Arithmetic – Time, Speed and Distance
Quantitative Aptitude – Arithmetic – Percentages
Quantitative Aptitude – Arithmetic – Pipes and Cisterns – Ques: A tank has an inlet pipe and an outlet pipe. If the outlet pipe is closed then the inlet pipe fills the empty tank in 8 hours.
Quantitative Aptitude – Arithmetic – Averages
Quantitative Aptitude – Arithmetic – Ratios

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Quantitative Aptitude – Arithmetic – Profit and Loss – Mayank buys some candies
5 (100%) 54 votes

Quantitative Aptitude – Arithmetic – Profit and Loss – The manufacturer of a table

Quantitative Aptitude – Arithmetic – Profit and Loss

Question

CAT 2017 - Afternoon slot - Quantitative Aptitude - Arithmetic - Profit and Loss - The manufacturer of a table
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

A) 1500
B) 2000
C) 2500
D) 3000

Answer

Option (B)

Solution

From CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss, we can see that,
Cost Price (CP) of manufacturer = CP
Selling Price(SP) of manufacturer = 1.1CP = CP (Dealer)
SP (Dealer) = 1.3 * 1.1 CP = CP (Retailer)
SP (Retailer) = 1.5 * 1.3 * 1.1 CP = CP (Customer)
It is given that,
1.5 * 1.3 * 1.1 CP = 4290
On solving, we get, CP = 2000
Option (B)

Download CAT 2017 Question Paper with answers and detailed solutions in PDF

CAT 2017 Questions from Quantitative Aptitude – Arithmetic

Quantitative Aptitude – Arithmetic – Profit and Loss – Q1: Mayank buys some candies for Rs 15 a dozen and an equal number of different candies for Rs 12 a dozen.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q2: If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit. Ten of these toys are destroyed in fire.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q3: In a market, the price of medium quality mangoes is half that of good mangoes.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q4: If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
Quantitative Aptitude – Arithmetic – Mixtures – Q1 : Consider three mixtures – the first having water and liquid A in the ratio 1 : 2, the second having water and liquid B in the ratio 1 : 3, and the third having water and liquid C in the ratio 1 : 4.
Quantitative Aptitude – Arithmetic – Mixtures – Q2: Bottle 1 contains a mixture of milk and water in 7 : 2 ratio and Bottle 2 contains a mixture of milk and water in 9 : 4 ratio.
Quantitative Aptitude – Arithmetic – Time and Work – Q1: Amal can complete a job in 10 days and Bimal can complete it in 8 days. Amal, Bimal and Kamal together complete the job in 4 days and are paid a total amount of Rs 1000 as remuneration.
Quantitative Aptitude – Arithmetic – Time and Work – Q2: A person can complete a job in 120 days. He works alone on Day 1. On Day 2, he is joined by another person who also can complete the job in exactly 120 days.
Quantitative Aptitude – Arithmetic – Time, Speed and Distance
Quantitative Aptitude – Arithmetic – Percentages
Quantitative Aptitude – Arithmetic – Pipes and Cisterns – Ques: A tank has an inlet pipe and an outlet pipe. If the outlet pipe is closed then the inlet pipe fills the empty tank in 8 hours.
Quantitative Aptitude – Arithmetic – Averages
Quantitative Aptitude – Arithmetic – Ratios

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Quantitative Aptitude – Arithmetic – Profit and Loss – The manufacturer of a table
5 (100%) 51 votes

Quantitative Aptitude – Arithmetic – Profit and Loss – If Fatima sells 60 identical toys

Quantitative Aptitude – Arithmetic – Profit and Loss

Question

CAT 2017 - Forenoon slot - Quantitative Aptitude - Arithmetic - Profit and Loss - If Fatima sells 60 identical toys
If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit. Ten of these toys are destroyed in fire. While selling the rest, how much discount should be given on the printed price so that she can make the same amount of profit?

A) 30%
B) 25%
C) 24%
D) 28%

Answer

Option (D)

Solution

As per CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss, we can see that
Market Price = MP
Cost Price = CP
[(60/100 MP * 60 – 60CP)/60CP] * 100 = 20
MP = 2CP
When 10 toys are burnt in fire, then
[(x/100 *50 * MP – 60CP )/60CP] * 100 = 20
x = 72
So discount given = 100-72 = 28%
Option (D)

Download CAT 2017 Question Paper with answers and detailed solutions in PDF

CAT 2017 Questions from Quantitative Aptitude – Arithmetic

Quantitative Aptitude – Arithmetic – Profit and Loss – Q1: Mayank buys some candies for Rs 15 a dozen and an equal number of different candies for Rs 12 a dozen.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q2: 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%.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q3: In a market, the price of medium quality mangoes is half that of good mangoes.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q4: If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
Quantitative Aptitude – Arithmetic – Mixtures – Q1 : Consider three mixtures – the first having water and liquid A in the ratio 1 : 2, the second having water and liquid B in the ratio 1 : 3, and the third having water and liquid C in the ratio 1 : 4.
Quantitative Aptitude – Arithmetic – Mixtures – Q2: Bottle 1 contains a mixture of milk and water in 7 : 2 ratio and Bottle 2 contains a mixture of milk and water in 9 : 4 ratio.
Quantitative Aptitude – Arithmetic – Time and Work – Q1: Amal can complete a job in 10 days and Bimal can complete it in 8 days. Amal, Bimal and Kamal together complete the job in 4 days and are paid a total amount of Rs 1000 as remuneration.
Quantitative Aptitude – Arithmetic – Time and Work – Q2: A person can complete a job in 120 days. He works alone on Day 1. On Day 2, he is joined by another person who also can complete the job in exactly 120 days.
Quantitative Aptitude – Arithmetic – Time, Speed and Distance
Quantitative Aptitude – Arithmetic – Percentages
Quantitative Aptitude – Arithmetic – Pipes and Cisterns – Ques: A tank has an inlet pipe and an outlet pipe. If the outlet pipe is closed then the inlet pipe fills the empty tank in 8 hours.
Quantitative Aptitude – Arithmetic – Averages
Quantitative Aptitude – Arithmetic – Ratios

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Time Speed Distance – Motion of Two Bodies in a Straight Line
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a) 750+ Videos covering entire CAT syllabus
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Quantitative Aptitude – Arithmetic – Profit and Loss – If Fatima sells 60 identical toys
5 (100%) 62 votes

Quantitative Aptitude – Arithmetic – Profit and Loss – In a market, the price of medium quality

Quantitative Aptitude – Arithmetic – Profit and Loss

Question

CAT 2017 - Forenoon slot - Quantitative Aptitude - Arithmetic - Profit and Loss - In a market, the price of medium quality
In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is

A) 6%
B) 8%
C) 10%
D) 12%

Answer

Option (B)

Solution

As per CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss, we can see that
Price of good Quality mangoes = p
Price of medium Quality mangoes = p/2
Price at which mangoes are sold = 0.9p
Profit = [( 0.9p * 120 – 100p)/100p] * 100 = 8%
Option (B)

Download CAT 2017 Question Paper with answers and detailed solutions in PDF

CAT 2017 Questions from Quantitative Aptitude – Arithmetic

Quantitative Aptitude – Arithmetic – Profit and Loss – Q1: Mayank buys some candies for Rs 15 a dozen and an equal number of different candies for Rs 12 a dozen.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q2: 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%.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q3: If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q4: If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
Quantitative Aptitude – Arithmetic – Mixtures – Q1 : Consider three mixtures – the first having water and liquid A in the ratio 1 : 2, the second having water and liquid B in the ratio 1 : 3, and the third having water and liquid C in the ratio 1 : 4.
Quantitative Aptitude – Arithmetic – Mixtures – Q2: Bottle 1 contains a mixture of milk and water in 7 : 2 ratio and Bottle 2 contains a mixture of milk and water in 9 : 4 ratio.
Quantitative Aptitude – Arithmetic – Time and Work – Q1: Amal can complete a job in 10 days and Bimal can complete it in 8 days. Amal, Bimal and Kamal together complete the job in 4 days and are paid a total amount of Rs 1000 as remuneration.
Quantitative Aptitude – Arithmetic – Time and Work – Q2: A person can complete a job in 120 days. He works alone on Day 1. On Day 2, he is joined by another person who also can complete the job in exactly 120 days.
Quantitative Aptitude – Arithmetic – Time, Speed and Distance
Quantitative Aptitude – Arithmetic – Percentages
Quantitative Aptitude – Arithmetic – Pipes and Cisterns – Ques: A tank has an inlet pipe and an outlet pipe. If the outlet pipe is closed then the inlet pipe fills the empty tank in 8 hours.
Quantitative Aptitude – Arithmetic – Averages
Quantitative Aptitude – Arithmetic – Ratios

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Simple Interest and Compound Interest – Basic Concepts and Tricks for solving CAT Questions
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Online Coaching Course for CAT Exam Preparation

a) 750+ Videos covering entire CAT syllabus
b) 2 Live Classes (online) every week for doubt clarification
c) Study Material & PDFs for practice and understanding
d) 10 Mock Tests in the latest pattern
e) Previous Year Questions solved on video

Know More about Online CAT Course

Quantitative Aptitude – Arithmetic – Profit and Loss – In a market, the price of medium quality
5 (100%) 61 votes

Quantitative Aptitude – Arithmetic – Profit and Loss – If a seller gives a discount of 15%

Quantitative Aptitude – Arithmetic – Profit and Loss

Question

CAT 2017 - Forenoon slot - Quantitative Aptitude - Arithmetic - Profit and Loss - If a seller gives a discount of 15%
If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?

A) Give a discount of 5% on retail price
B) Give a discount of 2% on retail price
C) Increase the retail price by 2%
D) Sell at retail price

Answer

Option (D)

Solution

CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss
Let Retail Price = MP
Cost Price = CP
When a discount of 15% is given,
[(0.85CP – CP)/CP] *100 = 2
So, 85 * MP = 102 * CP
Let us take SP = xMP
So, [(xMP-CP)/CP] * 100 = 20.
On calculating, we get x = 100
So, we should sell at Retail Price to get a profit of 20%.

Download CAT 2017 Question Paper with answers and detailed solutions in PDF

CAT 2017 Questions from Quantitative Aptitude – Arithmetic

Quantitative Aptitude – Arithmetic – Profit and Loss – Q1: Mayank buys some candies for Rs 15 a dozen and an equal number of different candies for Rs 12 a dozen.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q2: 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%.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q3: If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit.
Quantitative Aptitude – Arithmetic – Profit and Loss – Q4: In a market, the price of medium quality mangoes is half that of good mangoes.
Quantitative Aptitude – Arithmetic – Mixtures – Q1 : Consider three mixtures – the first having water and liquid A in the ratio 1 : 2, the second having water and liquid B in the ratio 1 : 3, and the third having water and liquid C in the ratio 1 : 4.
Quantitative Aptitude – Arithmetic – Mixtures – Q2: Bottle 1 contains a mixture of milk and water in 7 : 2 ratio and Bottle 2 contains a mixture of milk and water in 9 : 4 ratio.
Quantitative Aptitude – Arithmetic – Time and Work – Q1: Amal can complete a job in 10 days and Bimal can complete it in 8 days. Amal, Bimal and Kamal together complete the job in 4 days and are paid a total amount of Rs 1000 as remuneration.
Quantitative Aptitude – Arithmetic – Time and Work – Q2: A person can complete a job in 120 days. He works alone on Day 1. On Day 2, he is joined by another person who also can complete the job in exactly 120 days.
Quantitative Aptitude – Arithmetic – Time, Speed and Distance
Quantitative Aptitude – Arithmetic – Percentages
Quantitative Aptitude – Arithmetic – Pipes and Cisterns – Ques: A tank has an inlet pipe and an outlet pipe. If the outlet pipe is closed then the inlet pipe fills the empty tank in 8 hours.
Quantitative Aptitude – Arithmetic – Averages
Quantitative Aptitude – Arithmetic – Ratios

Other posts related to Quantitative Aptitude – Arithmetic

Learn the Basics of Time, Speed & Distance for CAT 2017
Time Speed Distance – Motion of Two Bodies in a Straight Line
Simple Interest and Compound Interest – Basic Concepts and Tricks for solving CAT Questions
Installments – Various Cases and Questions including Simple and Compound Interest
Profit and Loss – Basic Concepts for CAT Preparation
How to solve Time and Work problems in CAT 2017
Alligations and Mixtures Concepts for CAT Exam Preparation
Clocks -Fundamental Principles
Percentage concepts, questions and shortcut tricks for the CAT exam

Online Coaching Course for CAT Exam Preparation

a) 750+ Videos covering entire CAT syllabus
b) 2 Live Classes (online) every week for doubt clarification
c) Study Material & PDFs for practice and understanding
d) 10 Mock Tests in the latest pattern
e) Previous Year Questions solved on video

Know More about Online CAT Course

Quantitative Aptitude – Arithmetic – Profit and Loss – If a seller gives a discount of 15%
5 (100%) 60 votes