Monthly Earnings and Savings Target
CAT 2022 Slot 2 · Quantitative Ability · Easy · Arithmetic
This is an easy Quantitative Ability question from the CAT 2022 Slot 2 paper. It tests Arithmetic. The full answer key and a step-by-step explanation are below — try it yourself first, then reveal the solution.
Manu earns ₹4000 per month and wants to save an average of ₹550 per month in a year. In the first nine months, his monthly expense was ₹3500, and he foresees that, tenth month onward, his monthly expense will increase to ₹3700. In order to meet his yearly savings target, his monthly earnings, in rupees, from the tenth month onward should be
- A.
4200
- B.
4400
- C.
4300
- D.
4350
B
Explanation
Total target savings for 12 months = . In first 9 months, monthly earning = 4000, monthly expense = 3500. Monthly savings in first 9 months = . Total savings in first 9 months = . Remaining savings needed in last 3 months = . Savings needed per month in last 3 months = . Since monthly expense in last 3 months = 3700, monthly earnings needed = .
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