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WE:Analyst (Investment Banking)
The cost of gold varies directly as the cube of its weight. A gold pie
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21 Feb 2021, 04:46
Solution:
Let the cost be C, Weight be W & k be constant
C∝W3
Thus, C= kW3
Firstly, we need to find k. Substitue the given value to find k
C=1000$
W= 27
1000=k(27)3
You can use a calculator and save the value of k by using M+
100019683=k
k~0.050805
Now, we are asked to split the weight in the ratio 4:5 so that would be 12 decigrams and 15 decigrams
Substitute the above value of k and the weight to find cost.
C=0.50805*(12)3
Cost of 12 decigram gold~$87.7914
Cost of 15 decigram gold=050805*(15)3~171.46$
87.7914+171.46~259.26
Thus, 259.26−10001000*100~-74%
IMO D
Hope this helps!