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CAT 1995 — QA Question 34

Successive Percentage ChangeEasy
Passage / Data

Direction: Answer the questions based on the following information.
Four sisters — Suvarna, Tara, Uma and Vibha are playing a game such that the loser doubles the money of each of the other players from her share. They played four games and each sister lost one game in alphabetical order. At the end of fourth game, each sister had Rs.32.

The rate of inflation was 1000%. Then what will be the cost of an article, which costs 6 units of currency now, 2 years from now?

Answer & solution

  • A

    666

  • B

    660

  • C

    720

  • 726

Solution

Required cost = 6[1+1000100]2= 6(11)2 = 121 × 6 = 726.

CAT 1995 QA Q34: The rate of inflation was 1000%. Then what will be the cost of an article, which costs 6 units of currency now — Solution | TheCATExam