Question

IBM and KTC quote for a tender. On the tender opening day, IBM realizes that
their quotations are in the ratio 11:8 and hence decreases its price during
negotiations to make it Rs. 1 Lakh lower than KTC's quoted price. KTC realizes
that the final quotes of the two were in the ratio 3:4. What was the initial price
which IBM quoted?
A. Rs. 8 Lakh
B. Rs. 11 Lakh
C. Rs. 5.5 Lakh
D. Rs. 22 Lakh

Answer 1

Answer:

A

Step-by-step explanation:

ibm change ratio11-3=8

ktc change ratio 8-4=4