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CAT 2021 Quant Question [Slot 1] with Solution 08

Question
Amal purchases some pens at ₹ 8 each. To sell these, he hires an employee at a fixed wage. He sells 100 of these pens at ₹ 12 each. If the remaining pens are sold at ₹ 11 each, then he makes a net profit of ₹ 300, while he makes a net loss of ₹ 300 if the remaining pens are sold at ₹ 9 each. The wage of the employee, in INR, is
Option: 1000
Solution:
Let the number of pens purchased be n. Then the cost price is 8n. The total expenses incurred would be 8n+W, where W refers to the wage.
Then SP in the first case = \(12 \times \;100 + 11 \times \;\left( {n - 100} \right)\)
Given profit is 300 in
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CAT 2021 Quant questions with Solutions

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