AQuA-RAT train #71529 · Algebra · Ratio, proportion & variation

IBM and KTC quote for a tender

IBM and KTC quote for a tender. On the tender opening day, IBM realizes that their quotations are in the ratio 7:4 and hence decreases its price during negotiations to make it Rs 1 Lakh lower than KTC's quoted price. KTC realizes that the final quotes of the two were in the ratio 3:4. What was the price at which IBM won the bid?

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #71529

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