Numerical - Calculate unit selling price for given desired profit, variable cost & total fixed cost

Q.  4000 mobiles need to be made and sold in a monopoly market. The desired profit is Rs 2,00,000. The variable cost per mobile is Rs 100 and the total fixed costs are Rs 40,000. Find out unit selling price.
- Published on 14 Sep 15

a. Rs 160 per mobile
b. Rs 1,600 per mobile
c. Rs 1.60 per mobile
d. None of the above

ANSWER: Rs 1,600 per mobile

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