Quantitative Aptitude – Arithmetic – Percentages – Ravi invests 50% of his

Quantitative Aptitude – Arithmetic – Percentages

Question

CAT 2017 - Forenoon slot - Quantitative Aptitude - Arithmetic - Percentages - Ravi invests 50% of his
Ravi invests 50% of his monthly savings in fixed deposits. Thirty percent of the rest of hi√√s savings is invested in stocks and the rest goes into Ravi’s savings bank account. If the total amount deposited by him in the bank (for savings account and fixed deposits) is Rs 59500, then Ravi’s total monthly savings (in Rs) is

Answer

70000

Solution

As per the question from CAT 2017 – Quantitative Aptitude – Arithmetic – Percentages, we can assume that,
Total amount of savings as ‘s’
Amount kept in FD = 0.5s
Savings left = 0.5s
Amount kept in stocks = (0.3) * (0.5) * s = 0.15s
Amount kept in Bank Account = (0.7) * (0.5) * s = 0.35s
Amount deposited in the bank = 0.5s + 0.35s = 0.85s = 59500. So, s = 70000.
Answer: 70000

Download CAT 2017 Question Paper with answers and detailed solutions in PDF

CAT 2017 Questions from Quantitative Aptitude – Arithmetic

Quantitative Aptitude – Arithmetic – Percentages – Q1: In a village, the production of food grains increased by 40% and the per capita production of food grains increased by 27% during a certain period.
Quantitative Aptitude – Arithmetic – Percentages – Q2: Out of the shirts produced in a factory, 15% are defective, while 20% of the rest are sold in the domestic market. If the remaining 8840 shirts are left for export, then the number of shirts produced in the factory is
Quantitative Aptitude – Arithmetic – Percentages – Q3: The number of girls appearing for an admission test is twice the number of boys. If 30% of the girls and 45% of the boys get admission, the percentage of candidates who do not get admission is
Quantitative Aptitude – Arithmetic – Mixtures – Q1 : Consider three mixtures – the first having water and liquid A in the ratio 1 : 2, the second having water and liquid B in the ratio 1 : 3, and the third having water and liquid C in the ratio 1 : 4.
Quantitative Aptitude – Arithmetic – Mixtures – Q2: Bottle 1 contains a mixture of milk and water in 7 : 2 ratio and Bottle 2 contains a mixture of milk and water in 9 : 4 ratio.
Quantitative Aptitude – Arithmetic – Time and Work – Q1: Amal can complete a job in 10 days and Bimal can complete it in 8 days. Amal, Bimal and Kamal together complete the job in 4 days and are paid a total amount of Rs 1000 as remuneration.
Quantitative Aptitude – Arithmetic – Time and Work – Q2: A person can complete a job in 120 days. He works alone on Day 1. On Day 2, he is joined by another person who also can complete the job in exactly 120 days.
Quantitative Aptitude – Arithmetic – Time, Speed and Distance
Quantitative Aptitude – Arithmetic – Profit and Loss
Quantitative Aptitude – Arithmetic – Pipes and Cisterns – Ques: A tank has an inlet pipe and an outlet pipe. If the outlet pipe is closed then the inlet pipe fills the empty tank in 8 hours.
Quantitative Aptitude – Arithmetic – Averages
Quantitative Aptitude – Arithmetic – Ratios

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Quantitative Aptitude – Arithmetic – Percentages – Ravi invests 50% of his
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