Mathematics · Profitability and Break-even Analysis
A retail bank is looking to launch a specialized Gold Loan product for rural artisans. The fixed costs for setting up the specialized appraisal centers, hiring certified goldsmiths, and launching the marketing campaign in local languages are estimated at ₹90,00,000. The variable cost for processing each loan is ₹750 per application. If the bank decides to charge a flat processing fee of ₹3,000 per loan, how many loan applications must be successfully processed to reach the break-even point?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 15,000 Loans
- 24,500 Loans
- 34,000 Loans✓
- 43,000 Loans
Correct answer
4,000 Loans
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