#TFQOD Check out our CAT Question Of the Day. Watch this space - TopicsExpress

#TFQOD Check out our CAT Question Of the Day. Watch this space for the solution tomorrow. The owner of Galaxymark, a dealer of only fancy pens and pencils, wanted to show good end-of-season sales. So, he gave a discount of 15% on all pens, but increased the price of all pencils by 15%. This increased the revenue obtained by selling one pen-pencil pair by 5%. If he would have offered a discount of 30% and 15% on pens and pencils respectively, he would have earned a profit of 60% from sales of one pen-pencil pair. What percentage profit would the owner have earned if he gave no discount at all? OPTIONS: 1) 81.82 2) 66.66 3) 100 4) 50 5) 57.12

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