Question
Mathematics Question on Profit and Loss
Company C sells a line of 25 products with an average retail price of Rs 1,200. If none of these products sells for less than Rs 420 and exactly 10 of the products sell for less than Rs 1,000, then what is the greatest possible selling price of the most expensive product?
A
Rs 2,600
B
Rs 7,800
C
Rs 3,900
D
Rs 11,800
Answer
Rs 11,800
Explanation
Solution
The correct option is (D) :11,800