IPMAT Indore 2023
Arithmetic
Profit & Loss
Easy
A goldsmith bought a large solid golden ball at INR 1,000,000 and melted it to make a certain number of solid spherical beads such that the radius of each bead was one-fifth of the radius of the original ball. Assume that the cost of making golden beads is negligible. If the goldsmith sold all the beads at 20% discount on the listed price and made a total profit of 20%, then the listed price or each golden bead, in INR, was
A goldsmith bought a large solid golden ball at INR 1,000,000 and melted it to make a certain number of solid spherical beads such that the radius of each bead was one-fifth of the radius of the original ball. Assume that the cost of making golden beads is negligible. If the goldsmith sold all the beads at 20% discount on the listed price and made a total profit of 20%, then the listed price or each golden bead, in INR, was
Correct Option: 2
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