Question: A contractor spends Rs. 3,000 to prepare for a bid on a construction project which, after deducting manufacturing expenses and the cost of bidding, will

A contractor spends Rs. 3,000 to prepare for a bid on a construction project which, after

deducting manufacturing expenses and the cost of bidding, will yield a profit of Rs. 25,000 if the

bid is not won. If the chance of winning the bid is 10%, compute his expected profit?

a) 100

b) 607

c) 35

d) 200

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