A company sells two products, L and M. Last year, seventy percent of the units sold were product L, and the price of product L was 25 percent greater than the price of product M. Approximately what percent of the total revenue the company received last year was from the sale of product L?
Choose the correct choice from the following.
A) 15% B) 25% C) 35% D) 65% E) 74%
Percentage of total units that is product L = 70 %   Price of product L = 25 percent greater than price of product M.   Now , we can consider this as a weighted average scenario .   If the price of both the products L and M was equal , then contribution of product L to total sales would be = 70%   But since , price of product L is greater than M , then contribution of product L to total sales will be greater than 70%   The only option is 74%   Answer 74%
<result>E</result>
A company sells two products, L and M. Last year, seventy percent of the units sold were product L, and the price of product L was 25 percent greater than the price of product M. Approximately what percent of the total revenue the company received last year was from the sale of product L?