CAT 2024 Slot 3 QA Q12 Percentages & Profit-Loss

Question 12 of the Quantitative Ability (QA) section, CAT 2024 Slot 3, with CAT's official answer and a worked solution.

Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
  1. A
    25
  2. B
    10
  3. C
    15
  4. D
    20

Answer: (B) 10 Percentages & Profit-Loss MCQ

Solution

  1. 10% of marked price \(= 15\), so MP \(= 150\), selling price \(= 135\).
  2. MP \(= 1.2 \times\) CP, so CP \(= 125\). Profit \(= 135 - 125 = 10\).

Same concept in other years

See every question on Marked price, discount and profit: MP × (1 − d) = CP × (1 + p).

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