CAT Quantitative Ability Questions | CAT Percentage, Profit & Loss questions
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CAT/2017.1
Question . 54
Ravi invests 50% of his monthly savings in fixed deposits. Thirty percent of the rest of his 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:
Explanatory Answer
Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question
70000
Ravi invests 50% of his monthly savings in fixed deposits i.e from the remaining 50%, 30% percent of the rest of his savings = 15% is invested in stocks.
And the rest i.e 50 – 15 = 35% 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
i.e. 50 + 35 = 85 % ⟹ 85% of total savings = 59500
We have to find the Ravi's total monthly savings (in Rs)
⟹ Total savings = 59500/85 × 100 = Rs.70000
Ravi's total monthly savings is 70000 Rupees.
Hence, the answer is 70000
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