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IBPS PO Prelims Model Paper 6 with solutions

Directions (Q. 26–30): The table given below shows the estimated cost of various items (in lakhs) in a construction project of a real estate company from 2009 to 2012. Study the table and select the most appropriate answers.

\begin{array}{lcccc} \text{Item} & \text{Year 2009} & \text{Year 2010} & \text{Year 2011} & \text{Year 2012} \\ \text{Cement} & 84 & 96 & 95 & 105 \\ \text{Steel} & 65 & 70 & 72 & 84 \\ \text{Brick} & 126 & 140 & 150 & 154 \\ \text{Tiles} & 32 & 27 & 36 & 40 \\ \text{Hardware} & 56 & 60 & 69 & 65 \\ \text{Electrical items} & 12 & 14 & 12 & 20 \\ \text{Other materials} & 5 & 31 & 34 & 33 \end{array}

Question : 30 of 100

Marks: +1, -0

If due to hike in the price of cement the actual cost in 2009 is 102% of the estimated cost, what is the percentage increase in the estimated cost of cement in that year?

7.54
9.52
11.65
12.5
14.28

Validate

Solution:

Estimated cost in 2009 = 84 + 65 + 126 + 32 + 56 + 12 + 25 = ₹ 400 lakhs

Actual cost = 102% of 400 = ₹ 408 lakhs

∴ Actual cost of cement = 84 + 8 = ₹ 92 lakhs

Percentage increase in estimated cost of Cement

= \frac{8}{84} \times 100 = 9.52\%

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