Mathematics · Profit and Loss - Banking Operations
A Retail Loan Processing Center (RLPC) handles 1,000 applications per month. The processing cost per application is ₹2,500. The bank charges a processing fee of 0.5% on the loan amount. If the average loan amount sanctioned is ₹10,00,000 and the rejection rate at the center is 20%, calculate the net surplus generated by the RLPC from processing fees alone (assuming fees are collected only on sanctioned loans).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Surplus of ₹15,00,000✓
- 2Deficit of ₹5,00,000
- 3Surplus of ₹25,00,000
- 4Surplus of ₹10,00,000
Correct answer
Surplus of ₹15,00,000
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