Profit and Loss Actual Question in CMAT 2024 Slot – 2

1. QUESTION

In terms of percentage profit, arrange the following transactions in decreasing order

1.Cost price: ₹36,Profit: 17

2.Cost price: ₹50,Profit: 24

3.Cost price: ₹40,   Profit: 19

4.Cost price: 60,   Profit: 29

A)D>C>B>A
B)D>B>C>A
C)B>D>C>A
D)B>C>A>D

Explanation

(B)

=Percentage profit =profit × 100/Cost Price

In option A, Percentage Profit17×100/36 =47.22

In option B, Percentage Profit  24 × 100/50=48%

In option C, Percentage Profit 19×100/40 = 47.5%

In option D, Percentage Profit = 29×100/60=48.33%

QUESTION-2

Match List I with List II:

Choose the correct answer from the options given below:

A)(A)-(III), (B)-(IV), (C)-(I), (D)-(II)
B)(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
C)(A)-(II), (B)-(I), (C)-(III), (D)-(IV)
D)(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

Explanation

(B)

(A)-(II), (B)-(III), (C)-(IV), (D)-(I)