Question

Real estate builders have refused to bring down the property prices as proposed by the government this year.

Which of the following arguments would strengthen the stance taken by the builders?

• A. Very few people ventured into buying properties this year owing to exorbitant prices set by the builders
• B. With the ever increasing cost of basic materials such as cement and steel, the profit of the builders has gone down by 48 % this year
• C. The builders have earned huge profit in a government scheme for building low cost housing societies
• D. In a report published by a national daily, the margin of profit earned by a builder per square foot is as much as 80% of its cost price
• E. The builders have to necessarily abide by the decree of the government which controls the prices of the real state

Answer 1

The correct option is B

With the ever increasing cost of basic materials such as cement and steel, the profit of the builders has gone down by 48 % this year

Real estate builders have refused to bring down the property prices as proposed by the government this year because of increasing manufacturing cost.