Management Aptitude Test Dec 2012 Paper

Question : 112 of 200

Marks: +1, -0

Two companies A and B quote for a tender. On the tender opening day, A realises that the two quotes are in the ratio 7 : 4 and hence decreases its price during negotiations to make it ₹ 1 lakh lower than S's quoted price. Sthen realises that the final quotes of the two were in the ratio 3 : 4. By how much did A decrease its price in order to win the bid?

₹ 7 lakhs
₹ 4 lakhs
₹ 9 lakhs
None of these

Validate

Solution:

(b) Let quotes of A and B be 7x and 4x, respectively After decreasing quotes of A = 4x - 1
Then, according to the question,

{4x - 1}/{4x}

= 3
⇒ 4x -1 = 3x
⇒ X = 1
Then, decrement by A =7 x -{4x -1)
= 3x +1 = 3 + 1= ₹ 4 lakhs

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