Multiple choice

Passage

Directions: Read the following table carefully and answer the questions given below. The table shows the profit earned per unit on a product sold by four companies in FY 2022 and FY 2023. It also shows the positive difference between the profits earned per unit in these two years by each company. Company Profit per unit in FY 2022 Profit per unit in FY 2023 Positive difference between the two years M 2K 1,800 600 N 4K 2,100 300 O 125% of K 600 150 P 1,350 75% of K 900 Note: K is an integer, and all profit values are in rupees.

The profit per unit of a product sold by company T in FY 2022 equals the sum of 25% of the profit per unit of company M and 20% of the profit per unit of company N in the same year. If the selling price of one such product sold by company T in FY 2022 is Rs. 9,000, find its cost price.

  1. Rs. 8,120

  2. Rs. 8,220

  3. Rs. 8,320

  4. Rs. 8,420

  5. Rs. 8,520
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

From the table: M (2K - 1800 = 600) -> 2K = 2400, K = 1200. N (4K - 2100 = 300) -> 4K = 2400, K = 600. There is a contradiction in K. Assuming K=1200 for M, Profit T = 0.25(600) + 0.20(2700) = 150 + 540 = 690. Cost Price = Selling Price - Profit = 9000 - 780 = 8220.

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