A company knows that on an average 10% of the produced pens are always defective so are rejected before packing. Company promises to deliver 7200 pens to its wholesaler at Rs. 10 each. It estimates overall profit on all the manufactured pens to be 25%. What is the manufacturing cost of each pen?
1
Rs. 7.1
2
Rs. 7.2
3
Rs. 7.3
4
Rs. 7.5
5
None of these