Instructions :
There are 10 Questions in this test.
Each correct question carries +3 marks.
Each wrong answer carries -1 (negative) mark.
Total time alloted – 18 Minutes
Q.1
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 (CAT 2023 SHIFT 1)
1. 42%
2. 47 %
3. 45%
4. 49%
Q.2
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
(CAT 2023 SHIFT 2)
- 35.42%
2. 31.25%
3. 52%
4. 26%
Q.3
Jayant bought a certain number of white shirts at the rate of Rs 1000 per piece and a certain number of blue shirts at the rate of Rs 1125 per piece. For each shirt, he then set a fixed market price which was 25% higher than the average cost of all the shirts. He sold all the shirts at a discount of 10% and made a total profit of Rs 51000. If he bought both colors of shirts, then the maximum possible total number of shirts that he could have bought is (CAT 2023 SHIFT 2)
Q.4
The salaries of three friends Sita, Gita and Mita are initially in the ratio 5 : 6 : 7, respectively. In the first year, they get salary hikes of 20%, 25% and 20%, respectively. In the second year, Sita and Mita get salary hikes of 40% and 25%, respectively, and the salary of Gita becomes equal to the mean salary of the three friends. The salary hike of Gita in the second year is (CAT 2023 SHIFT 1)
1.26%
2.28%
3.25%
4.30%
Q.5
The population of a town in 2020 was 100000 . The population decreased by y% from the year 2020 to 2021, and increased by x % from the year 2021 to 2022, where x, y are two natural numbers. If population in 2022 was greater than the population in 2020 and the difference between x and y is 10,, then the lowest possible population of the town in 2021 was (CAT 2023 SHIFT 3)
1.74000
2.75000
3.72000
4. 73000
Q.6
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 (CAT 2023 SHIFT 3)
1.4.2%
2.15.5%
3.16%
4. 9.7%
Q.7
A fruit seller has a stock of mangoes, bananas and apples with at least one fruit of each type. At the beginning of a day, the number of mangoes make up 40% of his stock. That day, he sells half of the mangoes, 96 bananas and 40% of the apples. At the end of the day, he ends up selling 50% of the fruits. The smallest possible total number of fruits in the stock at the beginning of the day is (CAT 2023 SHIFT 3)
Q.8
Alex invested his savings in two parts. The simple interest earned on the first part at 15% per annum for 4 years is the same as the simple interest earned on the second part at 12% per annum for 3 years. Then, the percentage of his savings invested in the first part is (CAT 2022 SHIFT 1)
1.62.5%
2.37.5%
3.60%
4.40%
Q.9
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 ₹ 308.32 per kg and makes an overall profit of 64%. Then, Amal’s cost price for syrup, in rupees per kg, is
(CAT 2022 SHIFT 1)
Q.10
Mr. Pinto invests one-fifth of his capital at 6%, one-third at 10% and the remaining at 1%, each rate being simple interest per annum. Then, the minimum number of years required for the cumulative interest income from these investments to equal or exceed his initial capital is (CAT 2022 SHIFT 2)
