CAT Quantitative Aptitude Questions | CAT Profit and Loss Questions - Discount Percentage

CAT Questions | Profit and Loss Problems | Discount Percentage
× CAT Questions

CAT Quantitative Aptitude
HCF and LCM Factors Remainders Factorials Digits Ratios,Mixtures;Averages Speed & Time; Races Logarithms and Exponents Pipes,Cisterns; Work,Time Set Theory Geometry Coordinate Geometry Mensuration Trigonometry Linear & Quadratic Equations Functions Inequalities Polynomials Progressions Permutation Probability
CAT Verbal
Para Jumble Sentence Correction Sentence Elimination Paragraph Completion Reading Comprehension Critical Reasoning Word Usage Para Summary Text Completion
CAT LR DI
DI LR: Bar Graphs DI LR: Pie Charts DI LR: Multiple Graphs DI LR: Word Problems DI LR: Line Graphs DI LR: Sequencing DI LR: Grid Puzzles DI LR: Math Puzzles DI LR: Visualization DI LR: Other Patterns DI LR: CAT 2017 Cet DI LR: CAT 2017 Rural Survey DI LR: CAT 2017 Happiness DI LR: CAT 2017 Airlines DI LR: CAT 2017 Travel Route DI LR: CAT 2017 Food Delivery DI LR: CAT 2017 Square Layout DI LR: CAT 2017 Team Project DI LR: CAT 2017 Assets DI LR: CAT 2017 Pizza DI LR: CAT 2017 Electives DI LR: CAT 2017 Chess DI LR: CAT 2017 Dorms DI LR: CAT 2017 Tea DI LR: CAT 2017 Friends DI LR: CAT 2017 Security Scan

CAT Online Coaching
CAT Question MenuCAT Questions

The question is from CAT Profit and Loss. 2IIMs CAT question bank provides you with CAT questions that can help you gear for CAT Exam CAT 2019. This question is from profit and loss and here we are given more than two statements and we need to select the statement(s) that is/are necessary to find the solution. Think, Discount Percentage

Question 20: Given below is a question followed by three statements. Study the statements and decide which of the statement(s) is/are necessary to answer the question. What was the discount percentage given?
I) On selling the table, for Rs 12650, 26.5 %, Profit was earned.
II) If there had been no discount, 30% would have been earned as profit.
III) The Cost price of the table was Rs 10000

  1. Only I and II
  2. Only II and III
  3. Only I and III
  4. Any two of the above
  5. None of these

2IIM : Best Online CAT Coaching


2IIM's Online CAT Coaching
4000 off on CAT Online Course for CAT 2020.
Vaild till Dec 16th
CAT Online Coaching


Best CAT Coaching in Chennai


CAT Coaching in Chennai - CAT 2020
Starts Sat, December 14th, 2019


Explanatory Answer

Method of solving this CAT Question from Profit and loss: Details required to get the discount percentange.

From statement – I
S.P. = Rs 12650, Profit = 26.5%
∴ C.P = \\frac{100}{126.5}\\) * 12650 = 10000
From statement II
Mark Price = 130% of C.P. = Rs 13000
∴ From statement I and II
Discount = Rs (13000 - 12650) = Rs 350
Discount % = \\frac{350}{13000}\\) * 100 and Therefore, can be calculated
∴ Statement I and II can give the answer. However, statement II and III together cannot.

The question is " Study the statements and decide which of the statement(s) is/are necessary to answer the question. What was the discount percentage given? "
Statement I and II can give the answer.

Hence, the answer is Only I and II.

Choice A is the correct answer.

 


CAT Preparation Online | CAT Arithmetic Videos On YouTube


Other useful sources for Arithmetic Question | Percentages Profits SICI Sample Questions


CAT Questions | CAT Quantitative Aptitude

CAT Questions | CAT DILR

CAT Questions | Verbal Ability for CAT


Where is 2IIM located?

2IIM Online CAT Coaching
A Fermat Education Initiative,
58/16, Indira Gandhi Street,
Kaveri Rangan Nagar, Saligramam, Chennai 600 093

How to reach 2IIM?

Phone: (91) 44 4505 8484
Mobile: (91) 99626 48484
WhatsApp: WhatsApp Now
Email: prep@2iim.com