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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Let's calculate No of Units as Revenue / Unit price.
Per Unit cost as (Revenue - Profit ) / No of Units.
In that way, we calculate the table as follows.
Average quantity sold =Sum of the quantities sold / No of years.
=70+100+100+75+100+50+20+50+60+80+60/11
=69.5
=Approx 70
Hence B is the correct answer.