A company producing bearing plates for rock bolts has the selling price Rs. 20/unit and the variable cost has Rs. 12/unit. If the total fixed cost is Rs. 5,60,000, then the profit earned for an output of 1,00,000 units of bearing plates is
A. Rs. 2,40,000
B. Rs. 6,40,000
C. Rs. 8,00,000
D. Rs. 14,40,000
Answer: Option A
This Question Belongs to Mining Engineering >> Mine Economics
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