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
Question: 1
What is the approximate cost incurred (in Rs. crore) for projects completed by 2000?
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)
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Question: 2
Which of the following has the maximum number of rooms per crore of rupees?
formula for maximum number of rooms per crore = \(\frac{No.\ of\ rooms}{Estimated\ cost}\) 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)
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Question: 3
What is the cost incurred (in Rs. crore) for projects completed in 1998?
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)
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Question: 4
What is the cost incurred (in Rs. crore) for projects completed in 1999?
Cost Incurred for project in the year 1999: 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)
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Question: 5
Which of the following had the least cost per room?
Room Cost = \(\frac{Estimated\ Cost}{No.\ Of\ Rooms}\) 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)
