Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the days total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CAT Exam > CAT Questions > Answer the following question based on the in...

Join the Discussion on the App

Answer the following question based on the information given below.

The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.

What was the minimum percentage share of collection from builders in the total corporate collection?

a)
29.8%
b)
29.46%
c)
27.57%
d)
31.14%
e)
25.02%

Correct answer is option 'C'. Can you explain this answer?

FREE This question is part of

Practice Test for XAT - 8

Attempt Test

Attempt this Test

Verified Answer

Answer the following question based on the information given below.The...

Observe that most options given are close to 30% and one option is more than 30%.

Therefore, consider 30% to be an imaginary cut-off and eliminate days where the concerned percentage goes beyond 30%.

Therefore, for each day, mutiply the total corporate collection by 0.3 and eliminate the days where the actual percentage collection from the builders exceeds this calculated value.

It is seen that for only 5 days - August 6, 7, 12, 14 and 18 is the concerned percentage less than 30%.

Now, for these 5 days, calculate the actual percentage as shown below.

August 6 : (20.26/68.78) x 100 = 29.46%

August 7 : (20.31/73.68) x 100 = 27.57%

August 12 : (22.33/77.57) x 100 = 28.78%

August 14 : (21.81/74.66) x 100 = 29.21%

August 18 : (20.15/67.62) x 100 = 29.8%

Thus, the minimum percentage share of builders in the total corporate collection is 27.57%. Hence, option 3.

View all questions of this test

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for CAT exam

Similar CAT Doubts

Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the days total collection. The collection details are given for all days from August 5 to August 20.Q.The total corporate collection for August 8th and August 9th was Rs. 12 lakhs and Rs. 15 lakhs respectively. By how much did the collection from other sources change during these days?

View answer

Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the days total collection. The collection details are given for all days from August 5 to August 20.Q.If the collection from industries and institutes as a percentage of the total corporate collection is ranked indescending order, then which date will have the same rank in both rankings?

View answer

Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the days total collection. The collection details are given for all days from August 5 to August 20.Q.The collection for August 9, August 10 and August 11 was Rs. 10 lakhs, Rs. 15 lakhs and Rs. 20 lakhs respectively. What percentage of the total collection in these 3 days was due to the collection from the local people?

View answer

Direction: Read the following passages given below and answer the questions given at the end of each passage.Recent years have brought minority-owned businesses in the United States unprecedented opportunities—as well as new and significant risks. Civil rights activists have long argued that one of the principal reasons, why Blacks, Hispanics, and other minority groups have difficulty establishing themselves in business’, is that they lack access to the sizable orders and subcontracts that are generated by large companies. Now Congress, in apparent agreement, has required by law that businesses awarded Federal contracts of more than $500,000 do their best to find minority subcontractors and record their efforts to do so on forms filed with the government. Indeed, some Federal and local agencies have gone so far as to set specific percentage goals for apportioning parts of public works contracts to minority enterprises.Corporate response appears to have been substantial. According to figures collected in 1977, the total of corporate contracts with minority businesses rose from $77 million into $1.1 billion in 1977. The projected total of corporate contracts with minority businesses for the early 1980s is estimated to be over 53 billion per year with no letup anticipated in the next decade. Promising as it is for minority businesses, this increased patronage poses dangers for them, too. First, minority firms risk expanding too fast and overextending themselves financially, since most are small concerns and, unlike large businesses, they often need to make substantial investments in new plants, staff, equipment, and the like in order to perform work subcontracted to them. If, thereafter, their subcontracts are for some reason reduced, such firms can face potentially crippling fixed expenses.The world of corporate purchasing can be frustrating for small entrepreneurs who get requests for elaborate formal estimates and bids. Both consume valuable time and resources, and a small company’s efforts must soon result in orders, or both the morale and the financial health of the business will suffer.A second risk is that White-owned companies may seek to cash in on the increasing apportionments through formation of joint ventures with minority-owned concerns. Of course, in many instances there are legitimate reasons for joint ventures; clearly, White and minority enterprises can team up to acquire business that neither could acquire alone. But civil rights groups and minority business owners have complained to Congress about minorities being set up as “fronts” with White backing, rather than being accepted as full partners in legitimate joint ventures.Third, a minority enterprise that secures the business of one large corporate customer often runs the danger of becoming—and remaining—dependent. Even in the best of circumstances, fierce competition from larger, more established companies makes it difficult for small concerns to broaden their customer bases: when such firms have nearly guaranteed orders from a single corporate benefactor, they may truly have to struggle against complacency arising from their current success.Q. Which of the following, if true, would most weaken the author’s assertion that, in the 1970s, corporate response to Federal requirements was substantial?

View answer

Direction: Read the following passages given below and answer the questions given at the end of each passage.Recent years have brought minority-owned businesses in the United States unprecedented opportunities—as well as new and significant risks. Civil rights activists have long argued that one of the principal reasons, why Blacks, Hispanics, and other minority groups have difficulty establishing themselves in business’, is that they lack access to the sizable orders and subcontracts that are generated by large companies. Now Congress, in apparent agreement, has required by law that businesses awarded Federal contracts of more than $500,000 do their best to find minority subcontractors and record their efforts to do so on forms filed with the government. Indeed, some Federal and local agencies have gone so far as to set specific percentage goals for apportioning parts of public works contracts to minority enterprises.Corporate response appears to have been substantial. According to figures collected in 1977, the total of corporate contracts with minority businesses rose from $77 million into $1.1 billion in 1977. The projected total of corporate contracts with minority businesses for the early 1980s is estimated to be over 53 billion per year with no letup anticipated in the next decade. Promising as it is for minority businesses, this increased patronage poses dangers for them, too. First, minority firms risk expanding too fast and overextending themselves financially, since most are small concerns and, unlike large businesses, they often need to make substantial investments in new plants, staff, equipment, and the like in order to perform work subcontracted to them. If, thereafter, their subcontracts are for some reason reduced, such firms can face potentially crippling fixed expenses.The world of corporate purchasing can be frustrating for small entrepreneurs who get requests for elaborate formal estimates and bids. Both consume valuable time and resources, and a small company’s efforts must soon result in orders, or both the morale and the financial health of the business will suffer.A second risk is that White-owned companies may seek to cash in on the increasing apportionments through formation of joint ventures with minority-owned concerns. Of course, in many instances there are legitimate reasons for joint ventures; clearly, White and minority enterprises can team up to acquire business that neither could acquire alone. But civil rights groups and minority business owners have complained to Congress about minorities being set up as “fronts” with White backing, rather than being accepted as full partners in legitimate joint ventures.Third, a minority enterprise that secures the business of one large corporate customer often runs the danger of becoming—and remaining—dependent. Even in the best of circumstances, fierce competition from larger, more established companies makes it difficult for small concerns to broaden their customer bases: when such firms have nearly guaranteed orders from a single corporate benefactor, they may truly have to struggle against complacency arising from their current success.Q. The passage supplies information that would answer which of the following questions?

View answer

Top Courses for CATView all

Quantitative Aptitude (Quant)

Crash Course for CAT

CAT Mock Test Series 2024

Mock Test Series for SNAP

Mock Test Series for XAT

Top Courses for CAT

View all

Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer?.

Solutions for Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Answer the following question based on the information given below.The following table gives the collection of a Ganpati Mitra Mandal from various sources as a percentage of the day’s total collection. The collection details are given for all days from August 5 to August 20.Q.What was the minimum percentage share of collection from builders in the total corporate collection?a)29.8%b)29.46%c)27.57%d)31.14%e)25.02%Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.

Explore Courses for CAT exam