CAT 2021 Slot 1 QA Q9 Percentages & Profit-Loss

Question 9 of the Quantitative Ability (QA) section, CAT 2021 Slot 1, with CAT's official answer.

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

TITA: type in the answer. There are no options and no negative marking.

Answer: 1000 Percentages & Profit-Loss TITA

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