College of Admission Tests Multan

Slab Rates

Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.

Question: 5

A company accountant estimates that airfares next year for business trips of a thousand miles or less will increase by 20 percent and airfares for all other business trips will increase by 10 percent. This year total airfares for business trips of a thousand miles or less were $9,900 and airfares for all other business trips were $13,000. According to the accountant’s estimate, if the same business trips will be made next year as this year, how much will be spent for airfares next year?
  • $22,930
  • $26,180
  • $26,330
  • $26,490

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Correct Answer: B

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