Profit and Loss Successive Transactions
CAT 2024 Slot 2 · Quantitative Ability · Easy · Arithmetic
This is an easy Quantitative Ability question from the CAT 2024 Slot 2 paper. It tests Arithmetic. The full answer key and a step-by-step explanation are below — try it yourself first, then reveal the solution.
Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is
2160
Explanation
Let Bina's cost price be . Bina sells at Rs. 4860 with 19% loss:
If Bina sells at Hari's purchase price , she makes 17% profit:
Shyam bought the product at Rs. 4860 and sold it to Hari at Rs. 7020. Shyam's profit = .
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