CAT 2017 Slot 2 QA Q7 Percentages & Profit-Loss

Question 7 of the Quantitative Ability (QA) section, CAT 2017 Slot 2, with CAT's official answer.

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
  1. A
    1500
  2. B
    2000
  3. C
    2500
  4. D
    3000

Answer: (B) 2000 Percentages & Profit-Loss MCQ

A worked solution for this question is being written. Meanwhile, practise it in a timed mock and see how other aspirants did.

Same concept in other years

See every question on Successive resales: multiply the profit and loss factors along the chain.

More Percentages & Profit-Loss questions from CAT

All 46 Percentages & Profit-Loss questions asked since 2017.