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CAT 1997 — DILR Question 13

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Passage / Data

Direction: Answer the questions based on the following table.

​​​​​​​​​​​​​​

​​​​​​​Note: All projects start in 1997.

Additional direction: Assume that the cost of the project is incurred in the year of completion; interest is charged at the rate of 10% per annum.

What is the cost incurred for projects completed in 1998?

Answer & solution

Correct answer: Rs. 522.5 crore

  • A

    Rs. 475 crore

  • B

    Rs. 500 crore

  • Rs. 522.5 crore

  • D

    Rs. 502.5 crore

Solution

Two projects are completed in 1998, one is Mumbai Heights and the second is Royal Holidays.

The cost of project is 250 + 225 = 475 crore. *Cost incurred = 475 + 47.5 = 522.5. (Students please note the last step. Rather than doing 1.1 × 475, it is convenient to do 475 + 10% of 475, which is = 475 + 47.5)

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CAT 1997 DILR Q13: Additional direction: Assume that the cost of the project is incurred in the year of completion; interest is c — Solution | TheCATExam