CAT 2019 Slot 2 QA Q33 Percentages & Profit-Loss

Question 33 of the Quantitative Ability (QA) section, CAT 2019 Slot 2, with CAT's official answer.

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
  1. A
    1
  2. B
    1.2
  3. C
    0.7
  4. D
    0.50

Answer: (A) 1 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.

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