Analyse the following caselet and answer the questions that follow:
Kamal Chinnappa, Vimal Rao, Ganesh Krishnan and Dinesh Kumar own a saloon each on the Barbil street. They are the only hairdressers on that street. Each of them offered three services viz. haircut, shaving and hair-dye. One evening, all four of them met in a nearby tea-stall and agreed to charge Rs. 100 for any of the three services (haircut, shave and hair-dye) on weekdays. They also agreed to increase this rate to Rs. 115 on weekends and holidays. All verbally decided to implement the agreement.
Vimal relies heavily on a bunch of loyal customers. He is concerned about retaining them.
Which of the following options should he choose if he does not want to violate the agreement?
Select an option to reveal the answer and explanation
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