CAT Quant Practice Problems

Question: At the end of year 1998, Shepard bought nine dozen goats. Henceforth, every year he added p% of the goats at the beginning of the year and sold q% of the goats at the end of the year where p > 0 and q > 0. If Shepard had nine dozen goats at the end of year 2002, after making the sales for that year, which of the following is true?

p = q
p < q
p > q
p = q/2
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CAT Quant Practice Problems
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