A company makes toy cars at a production cost of Rs 17.50 per unit. A market survey reveals that 10% of the product will be lost, 5% will be rejected, 5% will decay and 5% will be stolen. At what unit price must the company sell it to realize 28% profit ?
Options
- Rs. 29.86
- Rs. 28
- Rs. 31.70
- Rs. 20.5
CORRECT ANSWER : Rs. 29.86
Write your comments