CAT Quantitative Ability Questions | CAT Percentage, Profit & Loss questions

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FundaMakers as a team has taken a painstaking step to bring you all the video solutions of the Percentage, Profit And Loss (PPL) asked in the Previous Year CAT exam. CAT question bank offered by FundaMakers is a power-packed topic-wise compilation of the entire CAT previous year questions. Questions from the Percentage, Profit And Loss (PPL) topic are some of the most scoring questions in the QA section. Other than the formulaic knowledge, it also tests your clarity about the topic. To maximize your CAT score make use of FundaMakers CAT Question Bank. Questions from CAT previous years examination papers have been incorporated. Let’s get started with CAT Past Year Percentage, Profit And Loss (PPL) Questions.

CAT/2019.1

Question . 40

A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is Rs 76000 then the amount (in Rs lakh) invested in the fixed deposit was

Explanatory Answer

Method of solving this CAT Quantitative Ability Question from Percentage, Profit & Loss question

Correct Answer: 9

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