Iift 2008 Question 82
This is a detailed step-by-step solution for Iift 2008 Question 82. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2008
Let's calculate No of Units as Revenue / Unit price.
Per Unit cost as (Revenue - Profit ) / No of Units.
In that way, we calculate the table as follows.
Average quantity sold =Sum of the quantities sold / No of years.
=70+100+100+75+100+50+20+50+60+80+60/11
=69.5
=Approx 70
Hence B is the correct answer.