Project ForgeGeneral Aptitude
Quantitative Aptitude
GATE 2020
Medium
There are five levels {P, Q, R, S, T} in a linear supply chain before a product reaches customers: P -> Q -> R -> S -> T -> Customers. At each of the five levels, the price of the product is increased by 25%. If the product is produced at level P at the cost of Rs. 120 per unit, what is the price paid (in rupees) by the customers?
- A187.50
- B234.38
- C292.96
- 366.21
Explanation
Price after 5 successive 25% increases = 120 x (1.25)^5 = 120 x 3.0517578125 = 366.21 (rounded to 2 decimal places).
Source: GATE ME 2020 Session 2 (ME-2) (2020)
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