Question Paper from: SBI PO Prelims 2017

Brand B increase its production to meet its demand. With every 250 unit produced the brand increases its price by 20%. If the earlier price of one product was INR 5000 then find the new price of the product.

Cannot be determined

INR 7200

INR 7320

INR 6655

INR 5500

Solution:

Chapter Name: Data Interpretation

Difficulty Level: Moderate

Demand for brand B product = 3200 units

Production of brand B product = 3700 units

Difference between demand and production of brand B product = 3700 - 3200 = 500

Number of times the brand increases its price by 10% = $\frac{500}{250}$ = 2

Earlier price of one product was INR = 500

New price of the product = 5000 $\times \frac{120}{100} \times \frac{120}{100}$ = 7200

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SBI PO Prelims 2017

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