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Question

At a production level of 500 TVs, the selling price per unit is such that there is a net profit of 20%. What will be the impact on the net profit if the selling price per unit is reduced by 16.66% and the total number of units produced is increased by 40%?

A
it will increase by less than 20% but more than 10%
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B
it will increase by less than 30% but more than 20%
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C
it will decrease by less than 15% but more than 5%
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D
None of these
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