CAT 2024 - Slot 1 Quant Question 9
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CAT 2024 Slot 1 - Quant
We are told that, the incomes of Kamal, Amal and Vimal are in the ratio 8 ? 6 ? 5
Lets assume them to be 80X, 60X, 50X respectively.
Money that each one of them pays towards rent,
Kamal 15% which comes to 12X
Amal 12% which comes to 7.2X
Vimal 18% which comes to 9X
Total Rental expenditure will be, 28.2X
Their incomes increase by 10%, 12% and 15% respectively,
Kamal 10% which comes to 88X
Amal 12% which comes to 67.2X
Vimal 15% which comes to 57.5X
Total income will be 212.7X
We are told the rent is the same, so it will be 28.2X
Percentage of income going towards rent in October will be,
Hence, the answer is 13.26%