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.

1:

Cannot be determined

2:

INR 7200

3:

INR 7320

4:

INR 6655

5:

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% = =  2

Earlier price of one product was INR = 500

New price of the product = 5000 =  7200

 


prepsutra-app-download android ios

Download the PrepSutra app

Download the app for Android devices and prepare on the go - anytime, anywhere!