Question 73

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?

[CAT 2003 leaked]


By the end of the year 2002, Shepard bought 4 times and sold 4 times. He is left with the initial number of goats that he had in 1998. If the percentage of goats bought is equal to or lesser than the percentage of goats sold, then there would be a net decrease in the total number of goats. For the number of goats to remain the same, p has to be greater than q, because p% is being calculated in a lesser number and q% is being calculated on a greater number. Hence, p > q.

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