The following table refers to hotel construction projects. The cost of the project increased at the rate of 10\(\%\) per annum; if completed beyond 1997.
| Hotels in Mumbai | ||||
| Project | No. of Rooms | Estimated Cost (Rs.in Crores) | Year of Completion | Company |
| Windsor Manor | 600 | 275 | 1999 | IHCL |
| Leela Hotels | 310 | 235 | 1999 | Leela Hotels |
| Mumbai Heights | 250 | 250 | 1998 | Bombay Hotels |
| Royal Holidays | 536 | 225 | 1998 | Lokhandwala Group |
| Majestic Holidays | 500 | 250 | 1999 | Raheja Group |
| Supreme Hotels | 300 | 300 | 1999 | ITC |
| Hyatt Regency | 500 | 250 | 2000 | Asian Hotels |
What is the approximate cost incurred (in Rs. crore) for projects completed by 2000?
- Rs 1785 crore
- Rs 2140 crore
- Rs 2320 crore
- None of these
The Correct Option is B
Solution and Explanation
The cost for year 1998:
Total value = 250 + 225 = 475
approx. value = 1.1 × 475 = 522.5
The cost for year 1999:
Total value = 275+235+250+300 = 1060
approx. value = 1.1 × 1.1 × 1060 = 1282.6
The cost for year 2000:
Total value = 250
Required value = 1.1 × 1.1 × 1.1× 250 = 332.75 (As 10\(\%\) cost was increased in 1997, 1998 and 1999 year)
Total required value = 2137.85
The correct option is (B)
Which of the following has the maximum number of rooms per crore of rupees?
- IHCL
- Raheja Group
- Lokhandwala Group
- ITC
The Correct Option is C
Solution and Explanation
IHCL = 600/275 = 2.18
Raheja Group = 500/250 = 2
Lokhandwala Group = 536/225 = 2.38
ITC = 300/300 = 1
So, The maximum number of rooms per crore is Lokhandwala Group
The correct option is (C)
What is the cost incurred (in Rs. crore) for projects completed in 1998?
- Rs 475 crore
- Rs 500 crore
- Rs 522.5 crore
- Rs 502.5 crore
The Correct Option is C
Solution and Explanation
Cost Incurred for project in the year 1998:
Total value = Bombay hotels + Lokhandwala group (all these projects were completed in 1998)
Total value = = 250 + 225 = 475
value = 1.1 × 475 [as the cost was increase of 10\(\%\) in year 1997]
value = 522.5
The correct option is (C)
What is the cost incurred (in Rs. crore) for projects completed in 1999?
- Rs 1282.6 crore
- Rs 1270.0 crore
- Rs 1805.1 crore
- Rs 1535.0 crore
The Correct Option is A
Solution and Explanation
Total value = IHCL + Leela hotel + Raheja + ITC (all these projects were completed in 1999)
Total value = 275+235+250+300 = 1060
value = 1.1 × 1.1 × 1060 {as the cost was increase of 10% over 1998 and 1997]
value = 1282.6
The correct option is (A)
Which of the following had the least cost per room?
- Lokhandwala Group
- Raheja Group
- IHCL
- ITC
The Correct Option is A
Solution and Explanation
Room Cost of Lokhandwala Group: 225/536 = 0.42
Room Cost of Raheja Group: 250/500 = 0.5
Room Cost of IHCL: 275/600 = 0.458
Room Cost of ITC: 300/300 = 1
So, the least cost per room is Lokhandwala Group.
The correct option is (A)
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