Hi TPap9,
First off, a 730/Q49 is an outstanding Score, so you can comfortably apply to any Business Schools that interest you.
The actual Quant and Verbal Scaled Scores that you score on a CAT are typically NOT integers (but those numbers are 'rounded off' for the sake of appearance). Thus, while your 'rounded Scaled Scores' would imply that you outperformed your friend, the ACTUAL Scaled Scores you both earned could have occurred in such a way that your friend's overall performance was just a little bit better than yours. For example:
You: Q48.5, V40.5, Overall 730
Your friend: Q49.4, V40.4, Overall 740
In this situation, notice that your friend's overall 'total' performance is higher than yours (thus, the Score out of 800 is higher).
GMAT assassins aren't born, they're made,
Rich