CAT Exam  >  CAT Questions  >  Anil buys 12 toys and labels each with the sa... Start Learning for Free
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 bee
  • a)
    60
  • b)
    55
  • c)
    50
  • d)
    54
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Anil buys 12 toys and labels each with the same selling price. He sell...
Let the cost price and marked price of each toy be c and m respectively.
Overall selling price

Given, 110% of 12c = 8.8m

Required profit percentage
View all questions of this test
Most Upvoted Answer
Anil buys 12 toys and labels each with the same selling price. He sell...
Solution:

Let the labeled price of each toy be x.

Total cost price (CP) = 12x

First sale:

Discount = 20%

Selling price (SP) of each toy = 0.8x

Total SP for 8 toys = 8 × 0.8x = 6.4x

Remaining toys = 12 - 8 = 4

Second sale:

Additional discount = 25%

SP of each toy = 0.75 × 0.8x = 0.6x

Total SP for 4 toys = 4 × 0.6x = 2.4x

Total SP = 6.4x + 2.4x = 8.8x

Given, Total SP = Rs 2112

Therefore, 8.8x = 2112

x = 240

CP of 12 toys = 12x = 12 × 240 = Rs 2880

Profit = 10%

SP = 1.1CP

1.1CP = 2880

CP = 2620

Without any discounts, the selling price of each toy would be x.

Total SP = 12x

CP = 2620, SP = 12x

Profit% = (SP-CP)/CP × 100

10 = (12x-2620)/2620 × 100

120x - 262000 = 26200

120x = 288200

x = 2401.67

Therefore, the percentage of profit without any discounts = (2401.67-240)/240 × 100 = 900.7%

Hence, the correct option is C (50%).
Attention CAT Students!
To make sure you are not studying endlessly, EduRev has designed CAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CAT.
Explore Courses for CAT exam

Similar CAT Doubts

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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer?
Question Description
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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer?.
Solutions for 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer?, a detailed solution for 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice 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 beea)60b)55c)50d)54Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
Explore Courses for CAT exam

Top Courses for CAT

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev