CAT Exam Model Paper 6 with solutions for free online practice

Question : 4 of 60

Marks: +1, -0

Kadbury offers a packet of 5 chocolates at the list price of 4 chocolates and on purchasing 19 such packets gives one packet absolutely free. A trader receives 20 packets of the chocolates in the offer and sells each chocolate at its list price. What is his net percentage profit?

24%
31.58%
35%
53.75%

Validate

Solution:

Total Cost Price of all chocolates for the trader
= List Price of 19 × 4 chocolates
= List Price of 76 chocolates.
Total Selling Price of all chocolates for the trader
= List Price of 20 × 5 chocolates
= List Price of 100 chocolates
So Profit = List Price of 100 - 76 = 24 chocolates
Profit % =

24/76×100=31.58%

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