Two companies A and B quote for a tender. On the tender opening day, A realises that the two quotes are in the ratio 7 : 4 and hence decreases its price during negotiations to make it Rs.1 lakh lower than B's quoted price. B then realises that the final quotes of the two were in the ratio 3 : 4. By how much did A decrease its price in order to win the bid?

Two companies A and B quote for a tender. On the tender opening day, A

1.	Two companies A and B quote for a tender. On the tender opening day, A realises that the two quotes are in the ratio 7 : 4 and hence decreases its price during negotiations to make it Rs.1 lakh lower than B's quoted price. B then realises that the final quotes of the two were in the ratio 3 : 4. By how much did A decrease its price in order to win the bid?
A.	Rs.7 Lakhs
B.	Rs.4 lakhs
C.	Rs.9 lakhs
D.	None of these
Answer» C. Rs.9 lakhs

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