A firm is selling its product at Rs. 60 per unit. The total cost of production

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Question

A firm is selling its product at Rs. 60 per unit. The total cost of production is Rs. 100 and firm is earning total profit of Rs. 500. Later, the total cost increased by 30%. By what percentage the price should be increased to maintained the same profit level.

Options:

A . 5

B . 10

C . 15

D . 30

Answer: Option A

-NA-

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