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Anil buys 12 toys and labels each with the same selling - Quantitative Aptitude | CAT Profit and loss |

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The question below is from previous year CAT question from CAT 2020 exam comes from sub-section CAT Profit and loss: Anil buys 12 toys and labels each with the same selling. 

Find out by answering this question which tests an aspirant’s Quantitative Ability Skills:

CAT 2020 – Slot 2 - CAT Profit and loss - Question 11 - Anil buys 12 toys and labels each with the same selling

Question 11: Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the discounted price. Thus, he gets a total of Rs. 2112, and makes a 10% profit. With no discounts, his percentage of profit would have been

1. 60
2. 50
3. 55
4. 54

Answer:

B.

Let’s take Selling Price = P

= (8 × 0.8 P) + 4 × {0.8P – 1/4= (0.8)P}

= {(8 × 0.8 P) + 4 × (0.6P)}

Total Selling Price = 8.8 P

CP = 8.8P/1.1= = 8P (Since he makes 10% profit)

SP = 12P

So, Profit from 8P to 12P = 4P/8P= = 50%

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