Maruti Suzuki India Ltd India rsquo s leading carmaker recalled 77 380 vehicles to upgrade the airba...........

Quant (SSC) Percentage

Maruti Suzuki India Ltd, India’s leading carmaker, recalled 77,380 vehicles to upgrade the airbag quality, software and replace a faulty fuel filter. If due to recalling, company has to face 10% loss on airbags, 12% loss on software and 5% loss on fuel filter, then what is the approximate effective loss rate taking the whole recalling process into consideration?

15%

25%

18%

22%

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Explanation:

To solve such questions, we can apply effective rate % formula
= - x - y + xy/100%
x = 10%, y = 12%
= –10 – 12 + 10 x 12 /100
= – 22 + 1.2 = 20.8%
Now, x = – 20.8%, y = 5%
= –20.8 – 5 + 23.2 x 5 /100
= – 25.8 + 1.16
= – 24.64% ≈ – 25%