Question (81/90)
A manufacturer undertakes to supply 2000 pieces of a particulate component at USD 25 per piece. According to estimates, even if 5% fail to pass the quality tests, then they will make a profit of 25%. However as 50% of the components were rejected, what is the loss to the manufacturer ?(A) USD 12000
(B) USD 13000
(C) USD 14000
(D) USD 15000
Question (82/90)
Jacob bought a bike for a certain sum of money. He spent 10% of the cost on repair and sold the bike for a profit of USD 1100. How much did he spend on repair if he made a profit of 20% ?(A) USD 400
(B) USD 450
(C) USD 500
(D) USD 550