Latest GRE Aptitude Question SOLUTION: To produce a particular radio model, it costs a manufacturer $30 per radio, and it is assumed that if 500 radios are produced, all of them will be sold. What must be the selling pr

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(#M40105903) GRE Numerical Ability question Keep an EYE

To produce a particular radio model, it costs a manufacturer $30 per radio, and it is assumed that if 500 radios are produced, all of them will be sold. What must be the selling price per radio to ensure that the profit (revenue from the sales minus the total production cost) on the 500 radios is greater than $8,200

Asked In GRE Jaspalsingh Parmar (9 years ago)

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Nilayan Banerjee  (9 years ago)

c.p of 500 radios = 30*500 = 15000
now, s.p - c.p > 8200.
=> s.p - 15000 > 8200
=> s.p > 23200
thus, s.p of 500 radios > 23200
so, s.p of 1 radio > 23200/500
=46.40
thus the selling price per radio must be greater than $46.40.(ans)

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