CAT 1996 | Question: 172

Question

The first table gives the percentage of students in the class of M.B.A who sought employment in the areas of Finance, Marketing and Software. The second table given the average starting salaries of the students per month, in these areas.

In $1994$, students seeking jobs in finance earned Rs. _____ more than those opting for software (in lakhs)

• A. $43$ 
• B. $33.8$ 
• C. $28.4$ 
• D. $38.8$

Answer 1

answer is 33.79 lakhs

Answer 2

In $1994$, placed Finance students = $23\% \times 1100 = 253$

∴ $253$ students earned a total of $Rs.7,550 \times 253 = Rs. 19,10,150/month$ in the year $1994$.

In $1994$, placed Software students = $21\% \times 1100 = 231$

∴ $253$ students earned a total of $Rs.7,050 \times 231 = Rs. 16,28,550/month$ in the year $1994$.

∴ In $1994$, students seeking jobs in finance earned $Rs. 2,81,600 \times 12 = 33,79,200$ i.e. $Rs. 33.8 lakh$