Greetings of the day dear aspirant
When it comes to MAT exam, instead of keeping a target of 550 marks, try keeping a minimum target of 700 marks. You can score 700 marks by attempting nearly 100 or more than 100 questions in total. This means you'll have to attempt nearly 25 questions in each section. Also by attempting 20-25 questions in each section, your percentile will be near 95. That will be considered as a good score.
You can also have a look at the detailed cut-off scores of previous years as well as know more about MAT from the below link:
https://bschool.careers360.com/articles/mat-cutoff/amp
Hope I've cleared your doubts!!
All the best for your future endeavours
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