{"id":823410,"date":"2024-06-20T11:00:03","date_gmt":"2024-06-20T05:30:03","guid":{"rendered":"https:\/\/leverageedu.com\/discover\/?p=823410"},"modified":"2024-06-20T11:00:03","modified_gmt":"2024-06-20T05:30:03","slug":"management-profit-and-loss-cat-previous-year-questions","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/discover\/indian-exams\/management-profit-and-loss-cat-previous-year-questions\/","title":{"rendered":"11+ Profit and Loss CAT Previous Year Questions: Check Answers Here"},"content":{"rendered":"\n

Profit and loss questions are important in comprehending the concept of profit and loss. This concept in mathematics has some actual applications in our daily lives, making it more important to have a good understanding of profit and loss<\/a><\/strong>. This blog presents profit and loss CAT exam<\/a> <\/strong>previous year questions, and formulas which will help students escalate their problem-solving skills. Continue reading this blog. <\/p>\n\n\n\n\n\n\n

Formulas of Profit and Loss<\/h2>\n\n\n\n

There are two main sets of formulas of profit and loss (P&L) are as follows:<\/p>\n\n\n\n

Profit<\/td>Selling Price (SP) – Cost Price (CP)<\/td><\/tr>
Loss<\/td>CP – SP<\/td><\/tr>
Profit Percentage (P%)<\/td>(Profit \/ CP) x 100<\/td><\/tr>
Loss Percentage (L%) <\/td>(Loss \/ CP) x 100<\/td><\/tr>
Selling Price (SP)<\/td>The price at which an item is sold.<\/td><\/tr>
Cost Price (CP)<\/td>The price at which an item is bought.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Read More: <\/strong>Profit and Loss Formula Questions for Competitive Exams<\/strong><\/p>\n\n\n\n

Previous Year CAT Questions on Profit and Loss<\/h2>\n\n\n\n

CAT Proft and Loss Question 2023<\/h3>\n\n\n\n

Gita sells two objects A and B at the same price such that she makes a profit of 20% on object A and a loss of 10% on object B. If she increases the selling price such that objects A and B are still sold at an equal price and a profit of 10% is made on object B, then the profit made on object A will be nearest to <\/p>\n\n\n\n

    \n
  1. 42%<\/li>\n\n\n\n
  2. 47%<\/li>\n\n\n\n
  3. 45%<\/li>\n\n\n\n
  4. 49%<\/li>\n<\/ol>\n\n\n\n

    Correct Answer: B<\/strong><\/p>\n\n\n\n

    Minu purchases a pair of sunglasses at Rs.1000 and sells to Kanu at 20% profit. Then, Kanu sells it back to Minu at 20% loss. Finally, Minu sells the same pair of sunglasses to Tanu. If the total profit made by Minu from all her transactions is Rs.500, then the percentage of profit made by Minu when she sold the pair of sunglasses to Tanu is<\/p>\n\n\n\n

      \n
    1. 35.42%<\/li>\n\n\n\n
    2. 31.25%<\/li>\n\n\n\n
    3. 52%<\/li>\n\n\n\n
    4. 26%<\/li>\n<\/ol>\n\n\n\n

      Correct Answer: B<\/strong><\/p>\n\n\n\n

      A merchant purchases a cloth at a rate of Rs.100 per meter and receives 5 cm length of cloth free for every 100 cm length of cloth purchased by him. He sells the same cloth at a rate of Rs.110 per meter but cheats his customers by giving 95 cm length of cloth for every 100 cm length of cloth purchased by the customers. If the merchant provides a 5% discount, the resulting profit earned by him is<\/p>\n\n\n\n

        \n
      1. 4.2%<\/li>\n\n\n\n
      2. 15.5%<\/li>\n\n\n\n
      3. 16%<\/li>\n\n\n\n
      4. 9.7%<\/li>\n<\/ol>\n\n\n\n

        Correct Answer: B<\/strong><\/p>\n\n\n\n

        CAT Proft and Loss Question 2022<\/h3>\n\n\n\n

        Ankita buys 4 kg cashews, 14 kg peanuts and 6 kg almonds when the cost of 7 kg cashews is the same as that of 30 kg peanuts or 9 kg almonds. She mixes all the three nuts and marks a price for the mixture in order to make a profit of \u20b91752. She sells 4 kg of the mixture at this marked price and the remaining at a 20% discount on the marked price, thus making a total profit of \u20b9744. Then the amount, in rupees, that she had spent in buying almonds is<\/p>\n\n\n\n

          \n
        1. 1440<\/li>\n\n\n\n
        2. 1176<\/li>\n\n\n\n
        3. 1680<\/li>\n\n\n\n
        4. 2520<\/li>\n<\/ol>\n\n\n\n

          Correct Answer: C<\/strong><\/p>\n\n\n\n

          Amal buys 110 kg of syrup and 120 kg of juice, syrup being 20% less costly than juice, per kg. He sells 10 kg of syrup at 10% profit and 20 kg of juice at 20% profit. Mixing the remaining juice and syrup, Amal sells the mixture at \u20b9 308.32 per kg and makes an overall profit of 64%. Then, Amal’s cost price for syrup, in rupees per kg, is<\/p>\n\n\n\n

          Correct Answer: 160<\/strong><\/p>\n\n\n\n

          CAT Proft and Loss Question 2021<\/h3>\n\n\n\n

          A person buys tea of three different qualities at \u20b9 800, \u20b9 500, and \u20b9 300 per kg, respectively, and the amounts bought are in the proportion 2 : 3 : 5. She mixes all the tea and sells one-sixth of the mixture at \u20b9 700 per kg. The price, in INR per kg, at which she should sell the remaining tea, to make an overall profit of 50%, is<\/p>\n\n\n\n

            \n
          1. 653<\/li>\n\n\n\n
          2. 688<\/li>\n\n\n\n
          3. 692<\/li>\n\n\n\n
          4. 675<\/li>\n<\/ol>\n\n\n\n

            Correct Answer: B<\/strong><\/p>\n\n\n\n

            Anil, Bobby, and Chintu jointly invest in a business and agree to share the overall profit in proportion to their investments. Anil\u2019s share of investment is 70%. His share of profit decreases by \u20b9 420 if the overall profit goes down from 18% to 15%. Chintu\u2019s share of profit increases by \u20b9 80 if the overall profit goes up from 15% to 17%. The amount, in INR, invested by Bobby is<\/p>\n\n\n\n

              \n
            1. 2000<\/li>\n\n\n\n
            2. 2400<\/li>\n\n\n\n
            3. 2200<\/li>\n\n\n\n
            4. 1800<\/li>\n<\/ol>\n\n\n\n

              Correct Answer: A<\/strong><\/p>\n\n\n\n

              One part of a hostel\u2019s monthly expenses is fixed, and the other part is proportional to the number of its boarders. The hostel collects \u20b9 1600 per month from each boarder. When the number of boarders is 50, the profit of the hostel is \u20b9 200 per boarder, and when the number of boarders is 75, the profit of the hostel is \u20b9 250 per boarder. When the number of boarders is 80, the total profit of the hostel, in INR, will be<\/p>\n\n\n\n

                \n
              1. 20200<\/li>\n\n\n\n
              2. 20500<\/li>\n\n\n\n
              3. 20800<\/li>\n\n\n\n
              4. 20000<\/li>\n<\/ol>\n\n\n\n

                Correct Answer: B<\/strong><\/p>\n\n\n\n

                CAT Proft and Loss Question 2020<\/h3>\n\n\n\n

                A person spent Rs 50000 to purchase a desktop computer and a laptop computer. He sold the desktop at 20% profit and the laptop at 10% loss. If overall he made a 2% profit then the purchase price, in rupees, of the desktop is<\/p>\n\n\n\n

                Correct Answer: 20000<\/strong><\/p>\n\n\n\n

                Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the discounted price. Thus, he gets a total of Rs 2112, and makes a 10% profit. With no discounts, his percentage of profit would have been<\/p>\n\n\n\n

                  \n
                1. 60<\/li>\n\n\n\n
                2. 55<\/li>\n\n\n\n
                3. 50<\/li>\n\n\n\n
                4. 54<\/li>\n<\/ol>\n\n\n\n

                  Correct Answer: C<\/strong><\/p>\n\n\n\n

                  A man buys 35 kg of sugar and sets a marked price in order to make a 20% profit. He sells 5 kg at this price, and 15 kg at a 10% discount. Accidentally, 3 kg of sugar is wasted. He sells the remaining sugar by raising the marked price by p percent so as to make an overall profit of 15%. Then p is nearest to<\/p>\n\n\n\n

                    \n
                  1. 31<\/li>\n\n\n\n
                  2. 22<\/li>\n\n\n\n
                  3. 35<\/li>\n\n\n\n
                  4. 25<\/li>\n<\/ol>\n\n\n\n

                    Correct Answer: D<\/strong><\/p>\n\n\n\n

                    On selling a pen at 5% loss and a book at 15% gain, Karim gains Rs. 7. If he sells the pen at 5% gain and the book at 10% gain, he gains Rs. 13. What is the cost price of the book in Rupees?<\/p>\n\n\n\n

                      \n
                    1. 80<\/li>\n\n\n\n
                    2. 85<\/li>\n\n\n\n
                    3. 100<\/li>\n\n\n\n
                    4. 95<\/li>\n<\/ol>\n\n\n\n

                      Correct Answer: A<\/strong><\/p>\n\n\n\n

                      Mukesh purchased 10 bicycles in 2017, all at the same price. He sold six of these at a profit of 25% and the remaining four at a loss of 25%. If he made a total profit of Rs. 2000, then his purchase price of a bicycle, in Rupees, was<\/p>\n\n\n\n

                        \n
                      1. 2000<\/li>\n\n\n\n
                      2. 6000<\/li>\n\n\n\n
                      3. 8000<\/li>\n\n\n\n
                      4. 4000<\/li>\n<\/ol>\n\n\n\n

                        Correct Answer: D<\/strong><\/p>\n\n\n\n

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