CAT 2022 Slot 1 · Quant · Question 14
CAT 2022 Slot 1 previous year question on Profit and Loss, with the answer and a step-by-step solution.
Answer & solution
Answer: 160
Let the juice cost j per kg, so the syrup, being 20% cheaper, costs 0.8j per kg.
His total outlay is 110\times 0.8j+120\times j.
That is 88j+120j=208j.
He sells 10 kg of syrup at a 10% profit, fetching 10\times 1.1\times 0.8j=8.8j.
He sells 20 kg of juice at a 20% profit, fetching 20\times 1.2j=24j.
That leaves 110-10=100 kg of syrup and 120-20=100 kg of juice, a 200 kg mixture.
The mixture sells at ₹308.32 per kg, fetching 200\times 308.32=61664.
His total revenue is 8.8j+24j+61664=32.8j+61664.
An overall profit of 64% means the revenue is 1.64 times the outlay: 1.64\times 208j=341.12j.
Equating, 32.8j+61664=341.12j.
So 61664=308.32j, giving j=200.
The syrup costs 0.8\times 200=160, that is ₹160 per kg.
Shortcut. Notice that 308.32 appears on both sides in disguise: the mixture revenue is 200\times 308.32 and the surviving coefficient is 341.12-32.8=308.32. So j is simply \frac{200\times 308.32}{308.32}=200, and the syrup is four-fifths of that.
More Profit and Loss questions
- Q3Amal purchases some pens at ₹8 each. To sell these, he hires an employee at a fixed wage. He sells 100 of these pens…CAT 2021 Slot 1 · Quant · Profit and Loss
- Q18Raj invested ₹10000 in a fund. At the end of first year, he incurred a loss but his balance was more than ₹5000. This…CAT 2021 Slot 2 · Quant · Profit and Loss
- Q16A shopkeeper offers a discount of 22% on the marked price of each chair, and gives 13 chairs to a customer for the…CAT 2025 Slot 1 · Quant · Profit and Loss
- Q15An item with a cost price of ₹1650 is sold at a certain discount on a fixed marked price to earn a profit of 20% on…CAT 2025 Slot 2 · Quant · Profit and Loss
- Q5The monthly sales of a product from January to April were 120, 135, 150 and 165 units, respectively. The cost price of…CAT 2025 Slot 3 · Quant · Profit and Loss
- Q21The selling price of a product is fixed to ensure 40% profit. If the product had cost 40% less and had been sold for 5…CAT 2024 Slot 1 · Quant · Profit and Loss
Take this paper as a timed test
Real exam timing, instant score, rank and topic-wise analysis.