GATE Mechanical Engineering (ME) 2020 Shift 2 Solved Paper

Question : 5 of 65

Marks: +1, -0

There are five levels {P,Q,R,S,T} in a linear supply chain before a product reachescustomers, as shown in the figure.

At each of the five levels, the price of the product is increased by 25%. If the product isproduced at level P at the cost of Rs. 120 per unit, what is the price paid (in rupees) by thecustomers?

234.38
292.96
187.50
366.21

Validate

Solution:

P → Q → R → S → T → Customers
Price paid by customer

= 120 × (1.25)^5

= 366.21

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