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A firm sells each unit of its output for Rs . 2 0 . Its variable cost per unit is Rs . 1 5 and

A firm sells each unit of its output for Rs.20. Its variable cost per unit is Rs.15 and fixed cost is Rs.2,40,000. It wishes to earn a profit of 30,000. How much should it produce? What will be the profit or loss when the company produces and sells 80,000 units?
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