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On the basis of the CAT syllabus we covered in the first seven days, we hope all aspirants have attempted the CAT sample paper (CAT Practice Set 2) we provided in the previous article - day 8 of CAT preparation. After completing each CAT exam practice paper, conduct a self-analysis. This will enable you to monitor your progress, recognize your strengths and weaknesses, and tailor your study strategy. We're back with a strategy for Day 9 of our preparation for the CAT 2024. In this article, we will be discussing strategies for the following topics, including Arithmetic Questions (CAT Profit and Loss questions). Follow the 60-day CAT exam preparation schedule we prepared for you to get a flow, plan, and schedule for your preparation. CAT Profit and Loss questions can be tricky sometimes where they also include percentages, so the candidate should have a thorough go-through of the topic completely.
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Today, we are here with the extended part of percentage, i.e., Profit and Loss . The Percentage is the basic building block of Arithmetic. Profit and Loss CAT questions are one of the most important topics for the CAT Exam. To solve the CAT Profit and Loss questions, you must first understand the basics of Profit and Loss . We can understand the basics well with the help of the profit triangle, as shown below:
The price at which we purchase something is the "cost price" (CP).
The price that we mark or print on the article is the marked price (MP).
The price at which we sell something is its selling price (SP).
Marked Up % = (MP-CP) x100/CP
Discount % = (MP-SP) x100/MP
Profit % = (SP-CP) x100/CP
If SP is less than CP, then profit is loss.
CAT Profit And ’Profit and Loss Type:
Questions involve direct calculation to find profit%, Discount% or Markup%.
Questions in which values are given in terms of profit%, Discount% or Markup%.
Any two of these are given, and the third one is asked.
Questions on successive discounts.
Questions on actual weight and faulty weights.
Questions based on adulteration.
Questions based on basic formulas only, and many more.
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You have to prepare each type of Arithmetic question separately for a better understanding of the concept.
CAT Quant Questions With Solutions / Profit and Loss CAT previous year questions
The two previous year CAT questions on Profit and Loss are given below for a better understanding. The arithmetic section caries one of the greatest weightage in CAT arithmetic questions:
Q1. If a seller gives a discount of 15% on the retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?[CAT Question Paper 2017 Slot 1]
Give a discount of 5% on the retail price
Give a discount of 2% on the retail price.
Increase the retail price by 2%.
Sell at retail price
Ans: D
15 % discount means If MP = 100; SP = 85
2 % profit means If CP = 100; SP = 102
In both SP should be same, so make them equal and we get
SP= 510, CP= 500 and MP = 600.
For 20% profit SP =600 which is equal to MP (Retail Price).
CAT Arithmetic Questions:
Q2. On selling a pen at 5% loss and a book at 15% gain, Karim gains Rs. 7. If he sells the pen at 5% gain and the book at 10% gain, he gains Rs. 13. What is the cost price of the book in Rupees? [CAT Question Paper 2019, Slot 1]
85
95
80
100
Profit and Loss for CAT with solutions
Ans: (3)
Let CP of pen = 100x; CP of book = 100y
Case 1
-5x + 15y = 7
Case 2
5x + 10y = 13
On solving both equations y = 4/5
CP of a book = 100x(4/5) = Rs 80
Prerequisite Before Practising CAT Profit and Loss Questions :
To prepare this topic for the CAT exam, students must have knowledge of
Fractions
Approximation
Tips to Prepare for CAT exam Profit and Loss questions
Learning conversions from Application of Percentage to fractions is important for this topic also.
Practice questions based on Application of Percentage well.
You can use the following tricks to solve the particular type of question:
If two articles were sold at an equal price with a profit of a% on one article while a loss of a% on another. Then, there will always be a loss of a2/100 %.
If n articles were purchased at equal prices and sold at different prices. Then, net profit % is the average of all profit %. Loss % will be treated as negative of profit %.
In the questions of true weight/ false weight, the Selling Price has always been calculated on the reading while the Cost price has always been calculated on actual weight. After that compare the final selling price and final cost price to find profit or loss percent.
In the questions of successive discounts, use the concept of the successive percentage change.
References to Study (Theory):
Arun Sharma: A Quantitative Approach for CAT (7th Edition, Pg No: 235 - 242)
2iim Online Learning Classroom
References to Practice CAT Arithmetic Questions:
Quantitative Aptitude book by Abhijit Guha.
https://iim-cat-questions-answers.2iim.com
CAT previous year papers
Previously, we have discussed general types of data interpretation. In this article, we are going to discuss the miscellaneous types of data interpretations for the CAT exam, like
Multi-Layered Pie Chart
Double Bar Graphs
Logic Based DI (most common in recent years)
Combination of two or more types of graphs in a single DI
i.e. table with a pie chart, line graph with bar graph, etc.
Such graphs are used to represent more data on a single graph.
In the CAT Exam and other management entrance exams, data interpretation is a must-come topic.
Preparing DI involves three basic steps:
Understanding Charts and Graphs
Understanding the logic or concept (More required in multi-layered DI and Caselet DI)
Be good at calculations.
The multi-layered pie-chart below shows the sales of LED television sets for a big retail electronics outlet during 2016 and 2017. The outer layer shows the monthly sales during this period, with each label showing the month followed by the sales figure of that month. For some months, the sales figures are not given in the chart. The middle-layer shows quarter-wise aggregate sales figures (in some cases, aggregate quarter-wise sales numbers are not given next to the quarter). The innermost layer shows annual sales. It is known that the sales figures during the three months of the second quarter (April, May, June) of 2016 form an arithmetic progression, as do the three monthly sales figures in the fourth quarter (October, November, December) of that year. [CAT Question Paper 2018]
Q1. What is the percentage increase in sales in December 2017 as compared to the sales in December 2016?
22.22
38.46
50.00
28.57
Solution: (4)
Sales in December 2017 = (500 – 150 -170) = 180
Sales in Q4 of 2016 is in AP:
Sales in October 2016 = 100; Sales in November 2016 = 100 + x; Sales in December 2016 = 100 +2x;
So, 100 + 100 + x + 100 + 2x = 360
X = 20
Sales in December 2016 = 100 +2x20 = 140
Increase in sales in December 2017 as compared to december 2016 = 40x100/140 = 28.56%
Q2. In which quarter of 2017 was the percentage increase in sales from the same quarter of 2016 the highest?
Q1
Q3
Q2
Q4
Ans: (1)
2016 | 2017 | %age increase | |
Q1 | 240 | 380 | 140*100/240 = 58.33% |
Q2 | 150 | 200 | 33.33% |
Q3 | 250 | 220 | -12% |
Q4 | 360 (calculated in Question 1) | 500 | 46.66% |
Prerequisite:
To prepare for data interpretation for the CAT exam, a student must have an understanding of
Average, ratios and percentages at fingertips
Pie graph, table graph, and other forms of data interpretation
Venn diagram
Tips To Solve Di (Misc.) For CAT Preparation
Read the graphs carefully.
Interpret the data from each kind of graph separately and then use them.
Solve small calculations mentally.
Examine each question separately and solve the easy one first.
Practice questions that involve more than 2 graphs in a single DI.
Shortcuts in calculations using Vedic math
References To Study (Theory):
LRDI for CAT and GMAT by Nishit K Sinha.
‘CAtKing.in’ (YouTube Channel)
References To Study (Practice):
https://www.mockat.com/ (free Mock Test)
How to Prepare for Data Interpretation for CAT by Arun Sharma (8th Edition)
CAT previous year papers
Part-3: VarcTopic: Strategy To Improve Reading Skills
Reading- is a term with which everyone is familiar. Reading can have multiple senses.
For some, reading means reading a newspaper. For some other people, it can be reading technical books, reading novels, etc. To read in an effective way, one must improve one’s reading skills.
Why Reading Skills Are Important?
Reading is an essential and basic building block for learning.
In daily life, the need to read things such as street signs or prescriptions proves reading is also an important life skill.
To reduce stress.
To read a long passage of 1000- 1500 words in 2–3 minutes (less time) and deduce important information from it.
Reading skills help someone to distinguish between important and not much important information.
To build confidence.
How Do Reading Habits Help You?
In increasing your vocabulary
In lowering stress
It will enhance your imagination and help you to solve long passages and LRDI sections.
Suggestions To Improve Reading Skills:
The first step to improving your reading skills. The reading ability questions for CAT exam are to develop reading habits by reading any of the following:
Newspapers
Magazines
Novels from good writers
Fiction and Non-Fiction books
Read the book of your interest.
Read the articles of interest.
Once the reading habit is developed, half of the work is done. Now start to analyse the information.
Always get an idea of every passage. Try to find out the keywords.
Always underline the important words or the words that are new to you.
Learn the underlined words and try to find an alternate for these words.
Try to find the uses of idioms and phrases while reading a novel or a book.
Try to avoid non-useful information while reading.
Such practices will lead to improved reading skills.
Some Suggestions To Read
The Secret- by Rhonda Byrne
Everything happens for a reason: and other lies I`ve loved- by Kate Bowler
Tomorrow, we will return with a plan for Day 10. Put in the work and pay attention.
Thank You
All the best.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
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Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
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In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
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