Hi!! all, thanks for the response. Now I can figure out my mistake. I was amazed by the Frankenstein's approach particularly the Binomial Expansion used, I was expecting a simpler approach. Nevertheless, this is one of the several ways to approach a problem . One should have all the tools in his arsenal for better preparation. Also I was inspired by Anurag sir's approach. So simple and effective.
Now regarding Gmatboost's concerns, I agree that this might not replicate exactly a GMAT question, but nevertheless one should prepare for any eventuality. The GMAT may throw an awkward question when one takes the actual test. I would like to mention my own experience- when I took the test one question from CONIC SECTION involving Focus, Latus Rectum did appeared and I was completely outwitted. Although Conic Section is not in the syllabus for GMAT, it did appeared on the actual test. It might have been an experimental question but nobody can tell beforehand which ones are experimental. So I would say one should prepare for any sort of eventuality. Besides an extra effort never hurts anyone !!
800. Arjun's-Bird-Eye