A factory outlet has decided to dispose of its old stock by selling each set of cups for ₹ 287 and recovering only the variable cost. If the fixed cost is 18% of the total cost, what was the cost price of each set of cups?

A factory outlet has decided to dispose of its old stock by selling ea

1.	A factory outlet has decided to dispose of its old stock by selling each set of cups for ₹ 287 and recovering only the variable cost. If the fixed cost is 18% of the total cost, what was the cost price of each set of cups?
A.	₹ 320
B.	₹ 350
C.	₹ 325
D.	₹ 340
Answer» C. ₹ 325

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A factory outlet has decided to dispose of its old stock by selling each set of cups for ₹ 287 and recovering only the variable cost. If the fixed cost is 18% of the total cost, what was the cost price of each set of cups?

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