CAT 2021 Slot 2 QA Q8 Ratio, Mixtures & Averages

Question 8 of the Quantitative Ability (QA) section, CAT 2021 Slot 2, with CAT's official answer.

Anil, Bobby and Chintu jointly invest in a business and agree to share the overall profit in proportion to their investments. Anil's share of investment is 70%. His share of profit decreases by ₹ 420 if the overall profit goes down from 18% to 15%. Chintu's share of profit increases by ₹ 80 if the overall profit goes up from 15% to 17%. The amount, in INR, invested by Bobby is
  1. A
    2400
  2. B
    2200
  3. C
    2000
  4. D
    1800

Answer: (C) 2000 Ratio, Mixtures & Averages MCQ

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