CAT 2022 Averages Question (Medium)

Question

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,

Accepted Answer

Step 1 Target savings per month 550 So target savings for the year 550 12 6600 Manu s income 4000 per month First 9 months Expenses 3500 per month Savings per month 4000 3500 500 Total savings in 9 months 9 500 4500 Remaining savings needed 6600 4500 2100 Step 2 From the 10th month, expenses 3700 pe

CAT 2022

Quantitative

Averages

Medium

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