GATE ME 2020 Set 2 — Question 5
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General Aptitude → Quantitative Aptitude → Ratios, Percentages, Powers, Exponents & Logarithms
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Question
There are five levels in a linear supply chain before a product reaches customers, as shown in the figure.
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?
Correct answer
(D) 366.21
Solution
The price is increased by 25% at each of the 5 levels (P, Q, R, S, and T). This is a compound increase.
Initial cost at P = Rs. 120.
Number of levels () = 5.
Increase rate () = 25% = 0.25.
Price paid by customers =
Price =
Price =
Price =
Price .
Initial cost at P = Rs. 120.
Number of levels () = 5.
Increase rate () = 25% = 0.25.
Price paid by customers =
Price =
Price =
Price =
Price .
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