CAT Exam Category

The cost price of an article increased by 20%. hence the shop-keeper increased his selling price also by 20%. Then which of the following statement is true about the change in profit percentage of the shop-keeper, because of the above changes?

Choose one answer.
a. The profit percentage of the shop-keeper remains the same.
b. The profit percentage of the shop-keeper increases.
c. The profit percentage of the shop-keeper decreases.
d. The change in profit percentage depends on the Cost price and selling price of the shop-keeper.

Read Solution (Total 2)

the profit percentage of the shop -keeper remains the same
10 years agoHelpfull: Yes(0) No(3)

sp=cp+profit
intially take cp=100 sp=125 profit=25
cp 100 now it becomes 110
sp 125 now 125*1.1=137.5
and so profit also increases from 25=27.5 which is 25*1.1
means 10 increase in profit too
10 years agoHelpfull: Yes(0) No(0)

CAT Other Question

Ramu wants a 30% discount on his purchase. The dealer gave him successive discounts of 20% and 10%. Hence.
Choose one answer.
a. Ramu got less than what he expected
b. Ramu got more that what he expected
c. Ramu got exactly what he expected
d. Can’t say anything 3 couples and one child of each of the three couples are to be seated in a row such that the child is sitting between the parents. In how many ways can the 9 people be seated?
Choose one answer.
a. 18
b. 24
c. 36
d. 48