Profit & Loss — CAT Previous-Year Questions
22 previous-year questions on Profit & Loss from CAT, with full solutions. Practise free — check answers as you go; sign in to save your progress.
Profit & Loss · CAT PYQs
The selling price of a product is fixed to ensure 40% profit. If the product had cost 40% less and had been sold for 5 rupees less, then the resulting profit would have been 50%. The original selling price, in rupees, of the product is
A shop wants to sell a certain quantity (in kg) of grains. It sells half the quantity and an additional 3 kg of these grains to the first customer. Then, it sells half of the remaining quantity and an additional 3 kg of these grains to the second customer. Finally, when the shop sells half of the remaining quantity and an additional 3 kg of these grains to the third customer, there are no grains left. The initial quantity, in kg, of grains is
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
Gita sells two objects A and B at the same price such that she makes a profit of 20% on object A and a loss of 10% on object B. If she increases the selling price such that objects A and B are still sold at an equal price and a profit of 10% is made on object B, then the profit made on object A will be nearest to
Minu purchases a pair of sunglasses at Rs.1000 and sells to Kanu at 20% profit. Then, Kanu sells it back to Minu at 20% loss. Finally, Minu sells the same pair of sunglasses to Tanu. If the total profit made by Minu from all her transactions is Rs.500, then the percentage of profit made by Minu when she sold the pair of sunglasses to Tanu is
Amal buys 110 kg of syrup and 120 kg of juice, syrup being 20% less costly than juice, per kg. He sells 10 kg of syrup at 10% profit and 20 kg of juice at 20% profit. Mixing the remaining juice and syrup, Amal sells the mixture at â¹ 308.32 per kg and makes an overall profit of 64%. Then, Amal’s cost price for syrup, in Rupees per kg, is
Amal purchases some pens at ₹ 8 each. To sell these, he hires an employee at a fixed wage. He sells 100 of these pens at ₹ 12 each. If the remaining pens are sold at ₹ 11 each, then he makes a net profit of ₹ 300, while he makes a net loss of ₹ 300 if the remaining pens are sold at ₹ 9 each. The wage of the employee, in INR, is
A person buys tea of three different qualities at ₹ 800, ₹ 500, and ₹ 300 per kg, respectively, and the amounts bought are in the proportion 2 : 3 : 5. She mixes all the tea and sells one-sixth of the mixture at ₹ 700 per kg. The price, in INR per kg, at which she should sell the remaining tea, to make an overall profit of 50%, is
A person spent Rs. 50000 to purchase a desktop computer and a laptop computer. He sold the desktop at 20% profit and the laptop at 10% loss. If overall he made a 2% profit then the purchase price, in rupees, of the desktop is
Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was
A shopkeeper sells two tables, each procured at cost price p, to Amal and Asim at a profit of 20% and at a loss of 20%, respectively. Amal sells his table to Bimal at a profit of 30%, while Asim sells his table to Barun at a loss of 30%. If the amounts paid by Bimal and Barun are x and y, respectively, then (x - y) / p equals
A wholesaler bought walnuts and peanuts, the price of walnut per kg being thrice that of peanut per kg. He then sold 8 kg of peanuts at a profit of 10% and 16 kg of walnuts at a profit of 20% to a shopkeeper. However, the shopkeeper lost 5 kg of walnuts and 3 kg of peanuts in transit. He then mixed the remaining nuts and sold the mixture at Rs. 166 per kg, thus making an overall profit of 25%. At what price, in Rs. per kg, did the wholesaler buy the walnuts?
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:
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
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?
Answer the following question based on the information given below.
A boy is supposed to put a mango into a basket if ordered 1, an orange if ordered 2 and an apple if ordered 3. He took out 1 mango and 1 orange if ordered 4. He was given the following sequence of orders.
12332142314223314113234
Each question is followed by two statements A and B. Answer each question using the following instructions:
Answer (1) if the question can be solved by any one of the statements, but not the other one.
Answer (2) if the question can be solved by using either of the two statements.
Answer (3) if the question can be solved by using both the statements together and not by any one of them.
Answer (4) if the question cannot be solved with the help of the given data and more data is required.
A dress was initially listed at a price that would have fetched the store a profit of 20% on the wholesale cost. What was the wholesale cost of the dress?
A. After reducing the listed price by 10% the dress was sold for a net profit of 10 dollars.
B. The dress was sold for 50 dollars.
Answer the next 2 questions based on the following information.
A company purchases components A and B from Germany and USA respectively. A and B form 30% and 50% of the total production cost. Current gain is 20%. Due to change in the international scenario, cost of the German mark increased by 30% and that of USA dollar increased by 22%. Due to market conditions, the selling price cannot be increased beyond 10%.
What is the maximum current gain possible?
Answer the next 2 questions based on the following information.
A company purchases components A and B from Germany and USA respectively. A and B form 30% and 50% of the total production cost. Current gain is 20%. Due to change in the international scenario, cost of the German mark increased by 30% and that of USA dollar increased by 22%. Due to market conditions, the selling price cannot be increased beyond 10%.
If the USA dollar becomes cheap by 12% over its original cost and the cost of German mark increased by 20%, what will be the gain? (The selling price is not altered.)
Answer the next 3 questions based on the following information.
There are 60 students in a class. These students are divided into three groups A, B and C of 15, 20 and 25 students each. The groups A and C are combined to form group D.
A dealer buys dry fruits at Rs. 100, Rs. 80 and Rs. 60 per kilogram. He mixes them in the ratio 3 : 4 : 5 by weight, and sells at a profit of 50%. At what price per kilogram does he sell the dry fruit?
Direction: Answer the questions based on the following information.
A watch dealer incurs an expense of Rs. 150 for producing every watch. He also incurs an additional expenditure of Rs. 30,000, which is independent of the number of watches produced. If he is able to sell a watch during the season, he sells it for Rs. 250. If he fails to do so, he has to sell each watch for Rs. 100.
If he is able to sell only 1,200 out of 1,500 watches he has made in the season, then he has made a profit of
Direction: Answer the questions based on the following information.
A watch dealer incurs an expense of Rs. 150 for producing every watch. He also incurs an additional expenditure of Rs. 30,000, which is independent of the number of watches produced. If he is able to sell a watch during the season, he sells it for Rs. 250. If he fails to do so, he has to sell each watch for Rs. 100.
If he produces 1,500 watches, what is the number of watches that he must sell during the season in order to break-even, given that he is able to sell all the watches produced?
Direction: Answer the questions based on the following information.
A salesman enters the quantity sold and the price into the computer. Both the numbers are two-digit numbers. But, by mistake, both the numbers were entered with their digits interchanged. The total sales value remained the same, i.e. Rs. 1,148, but the inventory reduced by 54.
I sold two watches for Rs. 300 each, one at the loss of 10% and the other at the profit of 10%. What is the percentage of loss(–) or profit(+) that resulted from the transaction?