IIFT 2012 Question Paper Question 29

Question 29

In 2011, Plasma - a pharmaceutical company - allocated $$Rs.4.5 \times 10^{7}$$ for Research and Development. In 2012, the company allocated Rs.60,000,000 for Research and Development. If each year the funds are evenly divided among $$2 \times 10^{2}$$ departments, how much more will each department receive this year than it did last year?

Solution

Total amount allotted in 2011 = 4.5*10$$^7$$
Total number of departments = 200
Thus, the amount received by each department = 225000
Total amount allotted in 2012 = 60000000
The amount received by each department = 300000
Thus the excess of amount each department is getting = 300000 - 225000 = 750000  = Rs. 7.5*10$$^4$$ 
Hence, option C is the correct answer.



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