CAT 2018 Quant Questions

Question:
A wholesaler bought walnuts and peanuts, the price of walnut per kg being thrice that of peanut per kg. He then sold 8 kg of peanuts at a pro?t of 10% and 16 kg of walnuts at a pro?t of 20% to a shopkeeper. However, the shopkeeper lost 5 kg of walnuts and 3 kg of peanuts in transit. He then mixed the remaining nuts and sold the mixture at Rs. 166 per kg, thus making an overall pro?t of 25%. At what price, in Rs. per kg, did the wholesaler buy the walnuts?

98
96
84
86
Show Answer
Correct Answer: 2

Let the price of peanuts be Rs. 100x per kg

Then, the price of walnuts = Rs. 300x per kg

Cost price of peanuts for the shopkeeper = Rs. 110x per kg

Cost price of walnuts for the shopkeeper = Rs. 360x per kg

Total cost incurred to the shopkeeper while buying = Rs.(8 * 110x + 16 * 360x) = Rs. 6640x

Total selling price that the shopkeeper got = Rs. (166 * 16) = Rs. 2656

Profit = 25%

So, cost price = Rs. 2124.80

Therefore, 6640x = 2124.80

On solving, we get x = 0.32

Therefore, price of walnuts = Rs. (300 * 0.32) = Rs. 96 per kg.

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CAT 2018 Quant Questions
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