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CMAT 2013 Solved Question Paper
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© examsnet.com
Question : 7
Total: 100
Mr Mittal purchased two steel factories, one in India and other one in Malaysia for total ? 72 crore. Later on, he sold the Indian factory at 16% profit and Malaysian factory at 24% profit. Thus, he gained a total profit of 19%. The selling price of Indian factory is
₹ 45 crore
₹ 52.2 crore
₹ 8.55 crore
Cannot be determined
Validate
Solution:
(b)
=
72
crore
8
× 5 = ₹ 45 crore
Thus, the cost price of Indian factory is ₹ 45 crore.
Therefore, the selling price of Indian factory is = 45 +
45
×
16
100
= ₹ 52.2 crore
© examsnet.com
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