CAT Quant Practice Problems

Question: A dealer deals only in color TVs and VCRs. He wants to spend up to Rs.12 lakhs to buy 100 pieces. He can purchase a color TV at Rs.10,000 and a VCR at Rs.15,000. He can sell a color TV at Rs.12,000 and a VCR at Rs.17,500. His objective is to maximize profits. Assume that he can sell all the items that he stocks.

If the dealer would have managed to get an additional space to stock 20 more items, then fo maximizing profit, the ratio of number of VCRs and number of TVs r that he should stock is

  1. 0.29375
  2. 0
  3. 0.043055556
  4. None of these

Correct Option:2

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CAT Quant Practice Problems
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