Sarang wrote:
simple but time consuming...
incurring profit 626400 is equal to incur profit 52200 per month.
total production cost = 450*110= 49500
Total selling price = 49500+52200=101700
Thus price per equipment= 101700/450 = 226
Answer:- A
Hey Sarang,
That's the trick of GMAT. For many questions, there is a long calculation approach and a short cut.
Selling price per item = 110 + \(\frac{626400}{(12*450)}\)
Considering that all options are integers, you know you will end up canceling everything out to obtain 110 + 116 = 226
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Karishma
Veritas Prep GMAT Instructor
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