To launch a new product in his company, Mr. Rajesh spends ₹ 1 lakh on the infrastructure and the…

To launch a new product in his company, Mr. Rajesh spends ₹ 1 lakh on the infrastructure and the variable cost of the product is estimated as ₹ 150/- per unit. The sale price per unit is fixed as ₹ 200/-. Additionally, Mr Rajesh also spends ₹ 0.5 per unit squared for marketing. Find the profit function. Hence, draw an inference regarding the breakeven point.