Test Level 1: Profit & Loss - 1 - CAT MCQ

CP = $20,000
SP for Harish = CP for Monika = 1.2 × 20,000 = $24,000
SP for Monika = CP for Sonu = 0.95 × 24,000 = $22,800

Gain = 10%
Let the C.P. be x.

Cost price for 100 articles = Rs. 1900
Let the market price per article be Rs. M.
So, sales revenue = 95 × M × 0.7 ... (i)
As profit = 40%, sales revenue = Rs. 1.40 × 1900 = Rs. 2660
So, 95M × 0.7 = 2660
Or M = 40
Thus, market price = Rs. 40
Hence, answer option (1) is correct.

The SP = 106.25% of the CP. Thus, CP = 29.75/1.0625
= ₹ 28.

A loss of 25% means a cost price of 100 corresponding to a selling price of 75. CP as a percentage of the SP would then be 133.33%

CP = 6612.5/1.15 = 5750. Selling this at 5380 would mean a loss of ₹370 on a CP of ₹ 5750.

CP = 69/1.15 = 60. Thus, the required SP for 20%
profit = 1.2 x 60 = 72.

Sales tax = 150/5 = 30. Thus, the SP contains ₹ 30
component of sales tax. Of the remainder (150 – 30
= 120) 1/3rd is the profit. Thus, the profit = 120/3 =
40. Cost price = 120 – 40 = 80.

Let the amount invested by Anil Bobby and Chintu be x, y, and z.

Considering x+y+z = 100*p.

Given Anil's share was 70 percent = 70*p.

As per the information provided :

His share of profit decreases by ₹ 420 if the overall profit goes down from 18% to 15%.

Since the profits are distributed in the ratio of their investments :

With a 3% decrease in the profits the value of profit earned by A decreased by Rs 420 which was 70 percent of
the total invested.

Hence for all three of them would be combinedly losing (420) . (10/7) = 600

Hence 3 percent profit was equivalent to  Rs 600.