Mayank's Candy Purchase and Profit
CAT 2017 Slot 2 · Quantitative Ability · Easy · Profit and Loss
This is an easy Quantitative Ability question from the CAT 2017 Slot 2 paper. It tests Profit and Loss. The full answer key and a step-by-step explanation are below — try it yourself first, then reveal the solution.
Mayank buys some candies for Rs 15 a dozen and an equal number of different candies for Rs 12 a dozen. He sells all for Rs 16.50 a dozen and makes a profit of Rs 150. How many dozens of candies did he buy altogether?
- A.
50
- B.
30
- C.
25
- D.
45
A
Explanation
Let Mayank buy dozens of the first type and dozens of the second type (total dozens).
Total Cost Price = Rs.
Total Selling Price = Rs.
Profit = Rs.
Given Profit = Rs 150:
Total dozens bought = dozens.
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