cat 2024 Question 1

Question

Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is

Accepted Answer

Let the cost price of the item be C

We are given that Bina sells this at 19% loss or at (1 - 0.19)C = 0.81C at 4860

This gives us the value of C at Rs. 6000

If Bina had sold this at 17% profit, the selling price would have been $1.17 imes\ 6000\ =\ 7020$

So Shyam bought the product at 4860 and sold it to Hari at 7020

Giving the profit made by Shyam to be $7020-4860\ =\ 2160$

Therefore, 2160 is the correct answer.

Question 1.

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