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Mining Engineering · Q30

Mine Economics

Engineering and GATE · Mining Engineering · question 30

Q30

A company producing bearing plates for rock bolts has the selling price Rs. 20/unit and the variable cost has Rs. 12/unit. If the total fixed cost is Rs. 5,60,000, then the profit earned for an output of 1,00,000 units of bearing plates is

A.
Rs. 2,40,000
Answer
B.
Rs. 6,40,000
C.
Rs. 8,00,000
D.
Rs. 14,40,000

Answer: Option A

Solution

Answer: Option A
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