CAT Exam Model Paper 3 with solutions for free online practice
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Question : 93 of 100
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Rotomac produces very fine quality o f writing pens.
Company knows that on an average 10% of the produced pens are always defective so are rejected before packing. Company promises to deliver 7200 pens to its wholesaler at ₹ 10 each. It estimates the overall profit on all the manufactured pens to be 25%. What is the manufacturing cost of each pen?
Company knows that on an average 10% of the produced pens are always defective so are rejected before packing. Company promises to deliver 7200 pens to its wholesaler at ₹ 10 each. It estimates the overall profit on all the manufactured pens to be 25%. What is the manufacturing cost of each pen?
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