Of the 20 cycles sold by Ajay, average cost of 12 cycles is Rs. 18000. In total he earned Rs. 300000. What was the average cost of remaining cycles?
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Correct answer: (A) Rs. 10500
Explanation
12 × 18000 = 216000; remaining 8 cycles earned 300000 - 216000 = 84000, so the average is 84000 / 8 = Rs. 10500.