CAT 2020 Slot 1 — QA Question 5
Profit & LossEasy
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
Answer & solution
Answer: 20000
Solution
Easy
Let the desktop cost ; the laptop then costs . Write the total rupee profit as (profit on desktop) − (loss on laptop) and set it equal to 2% of the total spend. One linear equation gives .
1
Express the overall profit in rupees. Overall profit on Rs. is Rs. .
2
Solve for .