CAT 2023 Slot 3 Question & Answer Q11. Profit & Loss

In this video series, we will discuss the CAT 2023 exam questions (Slot 3) with detailed explanations and quick shortcuts!

This was the next question and it was based on Profit & Loss.

Q. 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:
A. 4.2%
B. 15.5%
C. 16%
D. 9.7%

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