Question

A special kind of wine requires to be kept for 4 years in a special chamber so as to acquire their required taste. The cost of manufacturing one bottle is Rs. 250 and inventory cost for each bottle is Rs.4 per year. The company makes 6000 bottles and keeps them in the special chambers, but every year 2% of the bottles break. After 4 years, at what price per bottle should they sell the remaining bottles to make a profit of 10%?

• A. 300
• B. 317
• C. 325
• D. 340

Answer 1

The correct option is B 317

317 is the correct answer. Check the video for the approach.