Latest CAT Aptitude Question SOLUTION: You own a garment shop. You introduced a winter collection - line of jackets. You purchased 500 jackets from the wholesaler at Rs. 400 each. Your mark- up% is 15% and you were able

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(#M40152048) CAT Numerical Ability question Keep an EYE

You own a garment shop. You introduced a winter collection - line of jackets. You purchased 500 jackets from the wholesaler at Rs. 400 each. Your mark- up% is 15% and you were able to sell 60% of the jackets. But after the season ended, the sale of jackets stopped. In order to clear the stock, you decided to sell them at a discounted rate (on marked-up price) such that there is no overall loss to you with your winter collection. What is the maximum discount you can give?
a. 13.04%
b. 22.50%
c. 32.61%
d. 39.13%

Asked In CAT MANOJA.NANDYALA (9 years ago)

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arush gupta  (9 years ago)

ans (b)-32.61

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Devendra Marghade  (9 years ago)

b. 22.5%

Cost price of total 500 jackets=400*500=200000
Selling price of 60% jackets at 15% mark up=200000*(60/100)*(115/100)=138000
So remaining 62000 should be recovered from 40% jackets costing 200000*40/100=80000
So % discount can be given for no overall loss=100*(80000-62000)/80000=22.5

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alka  (8 years ago)

total profit= total loss
60*15=40*x
60*15/40=22.5%

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