Loading....
Coupon Accepted Successfully!

Previous Year Paper

Open Flashcards

CAT-2002-Previous Years Paper

Question
17 out of 50
 

Each item is followed by two statements, A. and B. answer each questions using the following instructions.

Choose 1: If the question can be answered by one of the statement alone but not by the other.

Choose 2: If the question can be answered by using either statement alone.

Choose 3: If the question can be answered by using both the statements together, but cannot be answered by using either statement alone.

Choose 4: If the question cannot be answered by either of the statements.


A dress was initially listed at a price that would have given the store a profit of 20% of the wholesale cost. What was the wholesale cost of the dress?

A: After reducing the listed price by 10%, the dress sold with a net profit of $10.

B: The dress is sold for $50.



A 1
B 2
C 3
D 4

Ans. A

Statement A. Let the wholesale price be x

Thus, listed prices = 1.2x

After a discount of 10%, new price

= 0.9 1.2x = 1.08x

1.08x - x = 10 $. Now x can be found.

Statement B. From what is known to us we do not know at what percentage profit, or at what amount of profit was the dress actually sold.

CAT-2002-Previous Years Paper Flashcard List

50 flashcards
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
29)
30)
31)
32)
33)
34)
35)
36)
37)
38)
39)
40)
41)
42)
43)
44)
45)
46)
47)
48)
49)
50)