CAT 2018 Slot 1 QA Question & Solution
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 profit of 10% and 16 kg of walnuts at a profit 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 profit of 25%. At what price, in Rs. per kg, did the wholesaler buy the walnuts?
Options
Solution
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
Since, 5kg walnut and 3kg peanuts are lost in transit, the shopkeeper will be remained with (16-5)+(8-3)=16kgs of nuts
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.
Hence, option A is the correct answer