CAT 2020 Percentages Question (Medium)

Question

The price of a car is Rs. 3,25,000. It was insured for 85 of its price. The car was damaged completely in an accident and the insurance company paid 90 of the insured amount. What was the difference between the price of the car and the amount received?

Optima Learn · Accepted Answer

This is a straightforward two-step percentage calculation. Understanding the Setup Car price Rs 3,25,000 insured value 85 of price Rs 2,76,250. Analyzing the Calculation Amount paid by the insurer 90 of the insured value 0.9 x 2,76,250 Rs 2,48,625. Difference between the car s price and the amount r

CAT 2020 Percentages — Previous Year Question

CAT 2020

Quantitative

Percentages

Medium

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