CAT Quant Practice Problems

Question: Ram purchased a flat at Rs.1 lakh and Prem purchased a plot of land worth Rs.1.1 lakh. The respective annual rates at which the prices of the flat and the plot increased were 10% and 5%. After two years they exchanged their belongings and one paid the other the difference. Then
  1. Ram paid Rs.275 to Prem
  2. Ram paid Rs.475 to Prem
  3. Ram paid Rs.375 to Prem
  4. Prem paid Rs.475 to Ram

Correct Option:1

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CAT Quant Practice Problems
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