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Get access to the detailed solutions to the previous year's questions asked in XAT exam.
After testing the market the total cost incurred= 50+10=60Cr.
The product will be a success 30% of times after the marketing test is unfavourable. So the probability of success is 0.3.
The probability of failure= 0.7.
The expected return is = 20 × 0.7+100$$\times\$$0.3 = 44Cr.
Total profit= 44-60 Cr=-16Cr.