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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.
Costs Incurred = Revenue - Profit
In that way, we calculate the table as follows.
Profit before the changes=1700
Profit after the changes= 150
Cumulative change in the profit = 1550
Hence B is the correct answer.