Management Aptitude Test Sep 2013 Paper

and B quote for a tender. On the tender opening day, A realizes that their quotes are in the ratio 7 : 4 and hence decreases its price during negotiations to make it ₹ 1 lakh lower than B’s quoted price. B then realizes that the final quotes o f the two were in the ratio 3 : 4. What was the price at which B won the bid ?