Ten friends planned to share equally the cost of buying a gift for their teacher. When two of them decided not to contribute, each of the other friends had to pay Rs.150 more. The cost of the gift was Rs. ____ A. 600 B. 6000 C. 1200 D. 12000

GATE 2019 · General Aptitude · Cost Market Price · medium

Answer: The total cost of the gift is Rs.1,200.

  1. Write the Share-Increase Equation: C * (1/8 - 1/10) = 30
  2. Simplify the Left Side: C / 40 = 30
  3. Solve for C: C = 30 * 40 = Rs.1,200