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A company sells its product for ₹ 20 per unit. Fixed costs for the company is ₹ 45,000 and variable…
A company sells its product for ₹ 20 per unit. Fixed costs for the company is ₹ 45,000 and variable costs is estimated to run 25% of total revenue. If $x$ denotes number of units produced, then what will be the total cost function?
- (a)$45000 + 5x$
- (b)$15000 + 4x$
- (c)$45000 + 2x$
- (d)$4500 + 20x$
Answer
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From ISC 2022 Specimen Mathematics Paper 1, question 29.